Even with higher interest rates, refinancing a mortgage can still make sense.In recent years, Americans have watched home mortgage interest rates plummet to historically low levels, prompting many homeowners to refinance their existing mortgage loans.
A standard home mortgage loan is an installment-based loan that runs either 15 or 30 years in length. Homebuyers can choose between a fixed or variable interest rate, which determines how much that home purchase loan will cost them over the course of that repayment. With interest rates this low, it only made sense for a slew of homeowners to jump at the opportunity for a mortgage refi. And of course, that's what occurred. According to data from the Consumer Finance Protection Bureau , there were But while rates are no longer this low, many homeowners can still find value in refinancing their home mortgage loans today. Use the calculator below to crunch the numbers to see how you may be able to benefit.
Yeah, under Trump, now look at them
3.5 now’s not a good time
Time to fire your social media team. JFC.
Really? The current average 30-year fixed-mortgage rate is 7.04%, apparently your head is inserted in a dark place that smells like shit. 😂
Huh? Is this old?
Wtf?