With warmer weather and the promise of new beginnings on the horizon, Spring is a perfect time to consider refinancing a home mortgage. But with rates hovering around record level lows, now might be the best time we’ve seen in years.
A 30-year fixed-rate mortgage averaged 3.31% during the week ending April 16. A year ago, the 30-year fixed-rate mortgage averaged 4.17%. A 15-year-fixed-rate mortgage was as low as 2.80%.
If these low-interest rates are significantly lower than the rates you’re paying for your mortgage, now may be a really good time to refinance. Refinancing your home mortgage can lower your monthly payments and save you money over time.
cPort’s dedicated mortgage loan officers are committed to working with you to see if refinancing makes sense. We can help you find a loan that will meet your needs, guiding you through a smooth process so you’ll accomplish your homeowner goals.
Christen Chen, cPort’s Mortgage Operations Manager says, “We understand that going through a mortgage process can seem overwhelming when it’s not something people do every day, so we want to make it our job to provide our members with confidence in us and their mortgage process by actively responding to their questions and finding a fit that works best for them.”