[Opening Scene- on camera, conversational tone]

Agent:

If you already own a home, the question isn’t just should you refinance — it’s when to start watching for the opportunity.

A good rule of thumb is to start paying attention when rates drop about 0.5% to 1% below your current rate. That’s when refinancing can begin to make financial sense.

But rate alone isn’t everything. You also want to look at your loan balance, how long you plan to stay in the home, and your break-even point on closing costs.

Timing matters too. In a volatile market, small rate dips can be short-lived — so being prepared ahead of time is key.

Some homeowners also refinance for reasons beyond rate — like switching loan terms or tapping equity through cash-out refinancing.

The key takeaway?

[Closing Scene]

Agent:

Don’t wait until rates hit rock bottom — start watching early so you’re ready to act when the numbers make sense for you.