Stacy and Erin sit down with mortgage guru Bill Payne and answer a listener question regarding an uptick in refinances. What's the smart move? Go ahead and refi or wait for rates to come down further? Bill discusses what he anticipates rates will do in the first and second half of the year, the cost to refinance, and when the best time to refinance is. He also tells you how to determine when you break even on a refi to decide if it is worth the cost.

Bill Payne is with First Home Mortgage and can be reached at 843-532-1392.