Rate & Term Refinancing in Florida: Is Now the Right Time? Are you staring at your mortgage statement, wondering if there's a better deal out there? You're not alone! Many Florida homeowners are considering a rate and term refinance, especially with fluctuating interest rates. The big question is: when should you jump, and are those tempting "points" really worth it? In Florida, a general rule of thumb is that a rate drop of around 2% is typically needed to make a refinance worthwhile, al...