Simon Dawson/Getty A few important refinance rates receded today. Both 15-year fixed and 30-year fixed refinances saw their average rates recede. At the same time, average rates for 10-year fixed refinances stayed the same. Refinance interest rates are never set in stone — but rates have been historically low. If you plan to refinance your
Tag: Refinance
It’s no secret that mortgage interest rates are at historic lows. Freddie Mac reported on June 3 that the average conventional 30-year and 15-year mortgage rates were fixed at 2.99 percent and 2.27 percent, respectively. One year ago, the rates were 3.61 percent and 3.18 percent, respectively. As a result of this enticing news, refinancing
Even though 2020s historically low interest rates are on the rise, it’s still a good time to refinance your mortgage and save thousands over your loan term. (iStock) The coronavirus pandemic added stress over personal finances for many Americans. Nearly one-third of Americans reported that their investments were negatively impacted. Thankfully, the Federal Reserve’s lowering
Learn how to refinance your mortgage after forbearance ends. (iStock) The COVID-19 pandemic caused millions of Americans to experience financial hardship. As a result, some homeowners haven’t been able to keep up with their mortgage payments. To provide some relief, the federal government included a mortgage forbearance plan in the CARES Act for federally backed
Here’s what today’s refinance rates look like. Should you dump your current home loan and get a new one? Mortgage refinance rates are down from yesterday. While refinance rates tend to be a bit higher than the rates you’ll see for a new purchase mortgage, they’re still pretty competitive, even though they’re higher now than