Rent or Refi First? Single Family Home

[Nathan Unger]

While in the process of refinancing our primary residence we made an offer on a house that was accepted. We would like to keep our current house as an investment home. My question is should we cancel our refi and try to get it rented first then refi after? The refi will save about $150 per month on our mortgage, but if we don't get the price we want each month for our rental we could potentially sell while the market is hot.