Mortgage rates continue to remain a hot topic of conversation. According to The Mortgage Report, a 30-year, fixed-rate mortgage was 2.875% at the end of the first week of September. Over the past few months, we have continued to see rates stay at or near all-time lows.
Many experts say, if your mortgage rate is more than one percentage point above current rates, it generally makes sense to refinance. By lowering your monthly payments, you will save significantly over the long term.
Is now the time?
With record low rates, many buyers will take advantage of the opportunity to refinance their home and snag a lower rate. However, everyone’s situation is unique when it comes to their finances and their future plans. That’s where we come in. cPort has a dedicated team of mortgage loan officers committed to help you determine if refinancing is your best option. Our team works with you to see what makes the most sense for you financially.
Want to chat? cPort offers members a wide variety of financing options to fit specific needs. Give us a call at 1-800-464-0253