Financial Intelligence - Refinance Smarter - Federal Home Loan Bank Topeka

October 24, 2025 Refinance Smarter By Chris Endicott

With mortgage rates continuing to remain stubbornly high, many borrowers have taken out loans in the past 24 months at rates around 7%.

As rates begin to decline, a substantial number of borrowers will be looking to refinance their loans and lower their monthly payments.

For as long as I can remember, the old adage to determine the best time to refinance your home was when rates dropped by 1%. This was an easy way for borrowers and lenders to identify when it would make sense to spend the time and money to refinance your home loan and reduce your monthly payment.

Chris Endicott Chris has been in the banking industry for more than 20 years. Chris has a bachelor’s degree from Emporia State University.

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