Interest rates are down, so is it time to refinance?

As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4 percent, its lowest point since September 2017. If you’re a homeowner, you may be wondering if now’s the time to refinance.

Your mortgage interest rate impacts the amount you’ll pay monthly as well as the total interest costs you’ll pay over the life of your loan. While it may not seem like a lot, a lower interest rate even by half of a percent can add up to significant savings for you.

Interest rates for mortgages are low __ really low. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4 per cent , its lowest point since September 2017. If you’re a homeowner, you may be wondering if now’s the time to refinance. Here’s what to consider: REASON

Interest rates for mortgages are low – really low. On June 13, the 30-year fixed rate average was 3.82 percent, its lowest point since September 2017. If you’re a homeowner, you may be wondering whether now’s the time to refinance. It’s important to know why you want to refinance. Some.

Mortgage rates hit a 2-year low. Is it time to refinance? Refinancing your car loan can save you money if you do it at the right time. lower interest rates. You may also want a shorter loan term because you’ll pay less in interest. To lower your monthly.

 · The introductory interest rate is set for a period of time, such as five years, after which the interest rate can adjust up or down, depending on market conditions. While ARMs allow buyers to take advantage of low teaser rates, they can be riskier than fixed-rate loans.

3 Reasons NOT to refinance now Here are 3 reasons why. The practice has not changed much in a long time, and technology adoption has been lacking. If you are looking to refinance right now, your options are probably more limited than you’d prefer.

So you want to refinance, but mortgage rates are rising.. “If you’re not in the pipeline ready to go when the interest rates start moving down, all of a sudden you have to get in the back.

FILE – This April 13, 2019, file photo, shows homes in suburban Salt Lake City. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate.

 · As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4 percent, its lowest point since September 2017.

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