Confused about cash out refi interest rate?

[Jimmy Lieu]

Hi,

Quick question about cash out refis...

Let's say I purchased a SFH in 2015 when interest rates were 6%. Now, I want to do a cash out refi at this moment when interest rates are 4%.

When I do the cash out refi, do I keep my 6% interest rate or does it go down to 4%? Thanks so much!