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Now that Rates Jumped, Is This a Good Time for Mortgage Refinancing?

April 26, 2017Bond market good mortgage mortgage rates mortgage refinancing refinancing time

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Now that Rates Jumped, Is This a Good Time for Mortgage Refinancing?

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Now that Rates Jumped, Is This a Good Time for Mortgage Refinancing? Monday June 15, 2009 #spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3)The minute interest rates take a slight dip, home owner start thinking about mortgage refinancing. When rates take a sudden hike upward, the demand from borrowers declines. A couple weeks ago, a home owner could get an interest rate of 4.875% with zero points. Then whammo. The stock market climbed, the bond market reacted by falling and interest rates shot up by a full point. Rates change daily. That’s not to say that now is not a good time to think about mortgage refinancing, because rates are still historically low and below 6%. Heck, I can recall the recall the days when interest rates were 18% and I had to walk barefoot in the snow to school. But