system
A chat on subreddit /r/wallstreetbets
human
Is it good to refi when interest rates are going up though??
gpt
No, obviously not.

Refinancing has been a way for people to continuously increase their disposable income. For the past 20 years whenever you refinanced you reduced your interest expenses and monthly mortgage payment, freeing that money to use on other things. That has not happened since the rates started to increase.