With interest rates are so low is it a good time to refinance your home? Home refinancing! Last year we heard a lot about those historically low interest rates. But if you missed the opportunity then, is it still worth pursuing now? and last updated 2021-02-19 18:25:50-05 HOWELL, Mich. (WXYZ) â Home refinancing! Last year we heard a lot about those historically low interest rates. But if you missed the opportunity then, is it still worth pursuing now? âI was able to refinance my home loan from 3.5% to 2.5%,â said Rachel James of Livonia. âThe current rate that I've been at was 3.625. I was able to lock in a new one at 2.9,â said Seth Giersdorf of Howell.