refinance mortgage rate

The latest data suggests that homeowners could save big if they go for refinancing today for their mortgages originated in 2018. That is because 80% of mortgages from last year carry an interest rate that is 0.75% higher than the prevailing rate today, which is 3.49% according to Freddie Mac. There is one major factor why many are still not able to take advantage of mortgage refinancing – the lack of awareness about how the mortgage market works. In this post, we are sharing some things to consider before you refinance a mortgage, Orange County, CA. Take note of the following: Current interest rate – If you can get into a lower rate mortgage, a refinance is worth looking into. […]