Bad Credit Mortgage Refinance - Interest Rates Up Soon?

"Getting a bad credit mortgage refinance is very alluring at the moment because mortgage rates are extremely low. With average mortgage rates around 5.25% many home owners would like to refinance and lock in close to these low rates even if they do have bad credit. Based on your credit score, your mortgage rate could be as little as 1% higher than average rates all the way up to 5% to 10% higher than average rates. The only way you will know is to actually contact a lender and find out."