Annapolis, MD is a much sought-after place for buying a house in. If you already own a house in Annapolis, MD, it’s a great achievement.
So, you have been hearing a lot of chit-chat about mortgage refinancing since a long time (and have probably been involved yourself too). You have also observed that this chit-chat has kind of reduced a bit from what it used to be couple of years back.
Going for Annapolis, MD refinance (i.e. refinancing your Annapolis, MD house) was being advocated by few of your friends at that point in time (couple of years back). Some of them had told you to immediately go for Annapolis, MD refinance, whereas a few had told you to wait for sometime more.
You had taken to the advice of the latter group and had postponed your Annapolis, MD refinance as you wanted to get even better mortgage interest rates on your Annapolis, MD refinance (that is what we call bottom fishing for mortgage rates). However, the interest rates started rising and soon all those talks on mortgage refinancing started becoming extinct (not really extinct, but just reduced). Now, refinancing your Annapolis, MD home mortgage wasn’t a viable option any more (you had verified this yourself by getting the Annapolis, MD refinancing quotes from sites online). 
So that was an opportunity lost just because you want to get rock bottom mortgage rates (and rock-bottom is very difficult to determine). The moral of the story –do not wait too long for getting your mortgage refinanced, lest the opportunity gets lost.