Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Many homeowners have locked in 30-year mortgages around 7% in the last three years, looking to refinance when interest rates turn lower. Some still hope a return to sub-3% rates is possible, given a decade around that level, but Neighbors Bank's new report is tossing cold water on that fantasy. The report says that rates need to drop at least 0.75% from the original loan before the refinance saves money. E ...