Now Is a Great Time to Refinance Your Mortgage

10901548516_6d7f8cfd05_qLes Christie of CNN Money reports that the average rate for 15-year mortgages has dipped to its lowest amount since June of 2013. At an average of just 3.08%, these rates offer a great deal to those who are planning to refinance, particularly if they are still paying rates of 5% or higher and have several years left on their loans. Christie attributes the low rates to the high number of investors who are turning to mortgage-backed securities amid financial market uncertainty. Refinancing at today’s low rates has the potential to save you thousands of dollars in interest over the life of your mortgage.

Learn more by reading the full article here.

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