Here’s why it’s still an amazing time to refinance your home.
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Is it still a good time to refinance? We aren’t hearing much about it in the news anymore, so we’ve been asked this question quite a bit lately. Luckily, it’s still a wonderful time to refinance. Interest rates are at an all-time low at 2.375% for FHA and VA and 2.875 for conventional loans—it’s incredible that they’re still so low.
The rule of thumb is that if you plan on staying in the home for at least two more years and your current rate is 0.5% higher than the average rates (the ones I shared above), then it’s time to refinance. Click here to visit Motto Mortgage’s website, my preferred lender, to find out how much money you could be saving.
If you’re considering buying or selling, it’s still a fantastic time to do that as well. Give us a call or send an email if you have questions about the market, buying, or selling. My team and I are on standby seven days a week, ready to assist you.