In fact, according to a recent study by Bankrate, a whopping 29% of homeowners don’t know their current mortgage rate. Don’t know your mortgage rate? “It’s important to know your mortgage rate so that you can compare it to current mortgage rates to evaluate whether you may want to consider refinancing your mortgage. This means that not knowing your mortgage rate is correlated with not knowing what type of mortgage you have. “It is especially important to know your interest rate if you have an adjustable rate mortgage.

Source: Forbes June 04, 2018 13:41 UTC