Refinancing to a record-low mortgage rate? Here is what to know
Mortgage interest rates have plummeted over the last year. As of publication, the average 30-year fixed-rate mortgage sits at 3.09%, and the average 15-year fixed-rate mortgage hovers around 2.4%. At this time last year, before coronavirus took hold, the average interest rates were at 3.65% and 3.06%, respectively. With fixed rates so low, the decision to refinance your mortgage could save you money.
Original Article Source Credits: Fox Business , https://www.foxbusiness.com/
Article Written By: Angela Brown
Original Article Posted on: March 22
Link to Original Article: https://www.foxbusiness.com/money/refinancing-to-record-low-mortgage-rate-what-to-know