For homeowners eagerly awaiting an opportunity to refinance, now may be a smart time to act. Here's why.
A mortgage refinance involves replacing your original mortgage loan with a new one. Find out how a refinance works and whether it's a good idea right now.
There are multiple reasons why a mortgage refinance could be valuable now. Here's what homeowners should know.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. The mortgage refinancing process can be laborious and expensive — but if the conditions are right, it can be worth it in the long run. Before jumping in, you want to make sure you're refinancing for the right reasons. There are many different reasons homeowners refinance their mortgages, from ...
Thanks to a consistently cooling inflation rate, which dropped for the fourth consecutive month in July, a cut to the federal funds rate appears imminent when the Federal Reserve meets again in September. And while the Fed doesn't directly dictate what lenders offer borrowers, it does influence rates. So a cut there could mean a cut to mortgage and mortgage refinance rates, too. This could be particularly beneficial for current homeowners saddled with high mortgage rates. But they don't necessarily need to wait until September to start saving. ...
You can’t get a lower interest rate: If your goal is to reduce your interest costs, right now isn’t the best time to refinance. You’re likely to end up with a higher rate, plus you’...
Should you buy now and refinance later or wait for mortgage rates to decline? We asked experts what they thought.
Mortgage rates have started to backtrack from the 23-year-high seen in mid-October 2023. Gambling that they’ll continue to decline, many recent homeowners are buying the home they want today and assuming they’ll get a more manageable mortgage rate down the road. “Buy now, refinance later” has become a popular path to homeownership in recent years: Of the buyers who took out mortgages between September 2022 and September 2023, 84% said they plan to refinance, according to a U.S. News surv...
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You could save money by refinancing student loans and consolidating debt. Get your student loan refinance rate online in 2 minutes. Request a rate quote or apply now at Citizens.