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3 steps to refinance your mortgage

3 steps to refinance your mortgage
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Mortgage rates are at rock-bottom lows. Yet declining numbers of people are applying to refinance their mortgages.

Regardless of the reasons for the dwindling number of refinancers, this is a good time to at least consider a refi. Here are three things you need to know when you're thinking about refinancing, plus two things to do and one thing not to do.


 

 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
4.01% 4.04%
15 yr fixed mtg
3.11% 3.18%
5/1 ARM
2.82% 2.88%
30 yr fixed mtg refi
4.00% 4.03%
View rates in your area:
The latest monthly survey shows builder confidence is soaring.
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