Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?

Whitney: Should I REFINANCE a construction loan to a permanent loan OR convert to a permanent loan?
It seems that interest rates are much lower for refinancing existing loans, as opposed to new loans. I have a construction loan which doesn’t expire for a few months, would it be better to refinance the construction loan to a permanent mortgage or do a construction to permanent conversion loan? Which will get me a lower interest rate?

Answers and Views:

Answer by wizjp
Generally the lender will lower the rate when you convert and the closing fees will be lower.

I’d start with my current lender