Key takeaways Though mortgage rates are fluctuating, refinancing could be more attractive for those who bought at recent highs Refinancing your mortgage can help you lower your rate, access your home’s equity or move to a fixed-rate loan. For most homeowners, refinancing is worth it when you qualify for a lower rate than you’re currently paying. If you want to refinance, calculate the break-even point so you’ll know exactly how long it’ll take to realize the savings. With mortgage rates still higher than in recent years, the question of whether it’s worth it to refinance your mortgage may come down to targeted savings, not major rate drops. Here’s how to figure out if refinancing is a good idea — and when you may want to stay the course with your current loan. When should you refinance your mortgage? For many borrowers, refinancing makes sense when you can lower your interest rate and your monthly payment.…