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5 Simple Steps To Determine If You Should Refinance When Mortgage Rates Are Low. – Forbes
A lower mortgage rate doesn’t always mean you should refinance.
Graph and calculator with text refinancing
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With COVID-19 creating havoc and uncertainty within our economy, mortgage rates are hitting historic lows. According to Freddie Mac, the national average rate dropped earlier this month to an all-time low 2.98%. In fact, Mortgage News Daily reported that the average reached a seemingly impossible 2.87% on Thursday.
When homeowners are bombarded with news about record low rates, they often have one thought on their mind. Is this the time to ref…
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