And as rates decline, refinancing activity rises: Refinance applications rose 111% compared to the same week last year, according to the latest Mortgage Bankers Association’s weekly application survey ...
Refinancing for a 0.25% lower rate is not generally recommended but could be worth it if you can refinance to consolidate ...
Mortgage rates have dropped, but refinancing is not always the right move.The first rule is to check if your current rate is at least 1% higher than today’s average. For example, refinancing a ...
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