With recent interest rates at historic lows, you may be able to decrease your monthly payment and save thousands by refinancing your loan to a lower rate. As of this writing, a 30-year fixed refinance rate is at 3.090% with an annual percentage rate (APR) of 3.250%....
As mortgage interest rates increase, the cost of borrowing increases. Interest rates (including mortgage interest) are dictated by several factors—specifically, how the economy and market are performing. So when the recession hits or the economy is under performing,...
