Buyers aren’t the only ones who can benefit from low mortgage rates. Homeowners can also take advantage. Whether ‘to refinance or not?’ is a common question when mortgage rates are low.
At the end of July, Chairman Jerome Powell announced a cut in interest rates for the first time in over a decade. The Federal Reserve made a cut of 0.25 percent or 25 basis points – the first such move since the December 2008 financial crisis.
Mortgage rates in the USA are currently at a low and it’s having a great impact on our housing markets. On June 13th Freddie Mac reported that the average interest rate