Mortgage rates continue to be historically low, and while mortgage rates are not directly tied to the federal funds rate, after the emergency rate cut by the Federal Reserve there is a chance rates may go even lower. Before you make the leap to refinance your mortgage, do your research and make sure it’s a good idea for your situation. It’s always wise to consult a financial adviser or accountant for professional guidance, but here are some articles to help with the decision process.
When (and When Not To) Refinance Your Mortgage
7 Bad Reasons to Refinance Your Mortgage
Mortgage Rates, High or Low?
I've always said, don't try to time the real estate market. The timing should depend on your personal scenario and readiness. Even for buyers that are looking at times that rates are increasing, there will be future opportunities to refinance when rates drop. Just a...