Mortgage Refinance Rates in a Post Pandemic World
It’s no question that mortgage rates are at historical lows. Today, millions of American homeowners are eligible to refinance their mortgage to save money on their existing loan payments for primary residences, vacation homes and rental properties.
Since 2018, mortgage rates associated with HELOC, Jumbo Loans, Purchase & Refinance have been gradually falling. According to recent national surveys, lower interest rates on mortgages for borrowers has provided a much needed boost in home affordability by household.
State to state, the U.S. continues to see increasing activity in the real estate market, promoted by relatively lower borrowing rates. To keep loan activity in-house, mortgage brokers nationwide have become more and more competitive with their closing costs and related fees.
Based on these circumstances, even if your mortgage is only a few years old, refinancing your mortgage in today’s market could still yield a cost savings for your household every month. Consider using this extra cash to go towards rising property taxes or home improvements.
Whether you follow the month to month trends in borrowing rates or compare decade by decade, mortgage rates today are at record lows and have a pattern of moving up and down over time. Take advantage of this mortgage market rate dip and check your refinance rate quote from competing lenders in your State.
Shop around to compare your competing offers, homeowners who comparison shop on their loan become educated borrowers. Use our mortgage refinance quote form without obligation, we help homeowners nationwide to see if they are pre-qualified for a refinance loan without a credit score check.