I have found out that if you take out a new mortgage now, your mortgage rate will increase by about .10% from any basic mortgage interest rate quote starting today. It ends up that for every $100,000 that you borrow, your monthly payment will go up by $10. So there is a new cost in town to deal with if you were to take out a new mortgage. So, it pays to stick with your current mortgage in light of this development and the fact that mortgage interest rates seem to be increasing. See link below for more detailed information.