mortgages: Don't Miss the Refinance Window!
- 04/19/10 05:35 AM
Don't miss the refinance window! Three things to consider when refinancing your mortgage Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. With interest rates hovering around 5% for conforming loan amounts, homeowners should begin to seriously consider refinancing into a new fixed-rate mortgage, especially if they currently have an adjustable-rate mortgage. The national average rate on a 30-year fixed-rate conforming mortgage is the lowest in at least 37 years, according to Freddie Mac. Given the volatility in the mortgage … (0 comments)
Don't miss the refinance window! Three things to consider when refinancing your mortgage
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