5 Reasons to Refinance Your Mortgage If you’ve owned your home for some time, you may be wondering if it would be beneficial to refinance your mortgage. Here are a few reasons why it may be a great option for you to consider. 1. Lower your interest rate. securing a lower interest rate is one of the top reasons for refinancing.
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US long-term mortgage rates fall; 30-year average at 3.82% The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of homeowners seizing the opportunity to refinance mortgages jumped this week. mortgage buyer freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week.
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