Even with a 30 year mortgage, you can refinance (take out a new mortgage and pay the old one off early) at any point. So even if you take out a mortgage with a

Even with a 30 year mortgage, you can refinance (take out a new mortgage and pay the old one off early) at any point. So even if you take out a mortgage with a 6% interest rate, you’re not stuck with it if the rates go down.