Should You Refinance Your Mortgage?

Comments(0) By Mike Miller •May 27th, 2010

Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years.  For homeowners that missed the Refi Boom of November 2009, it’s a second chance.

In this well-presented, 3-minute video from NBC’s The Today Show, you’ll get tips getting low rates and choosing the best time to lock in.

Some of the topics covered include:

  • Why were the experts wrong about rates moving higher this summer?
  • How much money can you save with a 1 point drop in your interest rate?
  • Should you buy a bigger home now that rates have fallen?

The advice in the piece is matter-of-fact and centered.  There is no cheerleading and the message is honest. Mortgage rates are low and they likely won’t stay that way.  If you’ve been thinking about a refinance, talk to your loan officer as soon as possible.

Related posts:

  1. Household Finances : Which Bills Should I Pay First?
  2. Should You Refinance Your ARM, Or Let It Adjust Lower?
  3. Don’t Rush To Refinance That ARM — It May Be Adjusting To 3 Percent Or Lower

Filed Under: mortgage rates
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