Newport Beach CA

January 25, 2021

Mortgage Refinance, Newport Beach, CA – Four FAQs Answered

Mortgage refinance rates have dropped again to a historic low this week, prompting a record number of borrowers refinancing their homes. In fact, according to the latest weekly survey conducted by the Mortgage Bankers Association, refinancing applications are up at an astounding 124% from last year’s benchmark. So, are you going to jump on the bandwagon? Should you consider applying for a home refinance? Below are the answers to the four frequently asked questions regarding mortgage refinancing: Is mortgage refinancing a sound idea right now? According to Freddie Mac, the average interest rate on a 30-year, fixed-rate loan right now is 2.79% – that is over a full percentage point lower than it was a year ago. It speaks a […]