Refinancing advice for current mortgage

[Dave Rodney]

What is the likelihood that a bank would advise someone not to refinance and wait for the interest rates to decline? Does that sound suspicious?

[Aaron Poling]

I don't think it sounds suspicious. On the other hand, the lender is most liklely only going to get paid when they close a loan. If they are telling you to wait, they are probably looking at things at what they perceive in your best interest. If you are unsure, speak with another lender or two and see what advice they give. 

Good Luck! Aaron