Is Now a Good Time to Refinance Your Mortgage?
February 18, 2022
Mortgage rates are rising and there are still millions of borrowers who could save big money with a mortgage refinance. Refinancing will generally pay off if you can reduce your rate by at least 0.75 percentage points. With a much smaller rate reduction, closing costs are likely to make the savings minuscule or non-existent. Mortgage rates have…