SHOULD YOU CONSIDER REFINANCING?
Mortgage rates in August hit an 18-month low. The Federal Reserve has begun to lower the central bank rate for the first time in eight years. Inflation is very low and appears to be stable — this is all good news for mortgage rates.
Borrowers with excellent credit have seen quotes for 30-year fixed loans as low as 3.75% with no points. All other rate quotes are also lower for second homes, investment properties, VA loans and FHA loans.