Should I refinance before or now that mortgage rates are falling?
I bought my 210K home in July. 30K left and mortgaged the rest with a 30-year fixed at 6.375%. My monthly payments are now about $ 1200. Should I refinance?
There is no good answer for this. Rates are for now, and this may be a good time to refinance, as some think that rates will rise as inflation hits because of all loans that the government has to do. If rates at the bottom now? Nobody knows.
Author of "Branding You The Brand New You", Caryn home-schooled her 3 children before creating her blog in 2010. Teaching since 1986, Caryn authored, edited and self published several books including Brincely The Brave, The Mastermind eBook, My Grandma's Birthday, Top Tips For Spiritual Living and More. Featured by eZine as an article writing expert, Caryn specializes in Network marketing using the internet. Contact Caryn to create budget friendly websites starting at $100. Teaching online skill basics available. Call for quote 570-460-6961
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