When Should Homeowners Refinance?Since November 2018, 30-year fixed average mortgage rates have dropped from 4.94% to 3.99%. According to Black Knight’s Mortgage Monitor report, that means six million homeowners are now candidates for refinancing. That's up from four million in April.
Good Question: When Should You Refinance Your Home?Mortgage rates have dropped once again to near all-time lows. This week's average rate for a 30-year fixed loan is right around 3.6 percent. That's almost a point lower compared with rates 12 to 15 months ago. It also has mortgage brokers’ offices four times busier than a typical January.