Here's today's one minute update of what happened with mortgage rates: Mortgage rates are falling and as result it may be time for you to consider refinancing your mortgage. In this episode of today's mortgage minute, David Lykken explains things to consider before you start the process of refinancing your mortgage.

NOTE TO LISTENER:  Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy.  This video appears on hundreds of radio, television and newspaper websites across the nation and is seen by millions of consumers each month.  In addition to the video, David has agreed to post the audio version of this video on this site so more people could receive this important information.  David welcomes your feedback.