
The perfect combination of rising home values and low interest rates is here. Conditions are ripe for refinancing a mortgage. Rates now average close to 3.5 percent nationwide. A household can cut its mortgage payment $60 per month, per $100,000 in loan balance, with just a one percent reduction in interest rate. Thirty-year mortgage rates have fallen by more than 50 basis points (0.50%) since the … [Read more...]