Mortgage rates have dropped in the last month to the lowest rates since 2016 (see chart below). At the same time, many homeowners have seen their home value increase over the last few years. Now could be an advantageous time to refinance your mortgage to pay down debt, renovate your house, get rid of PMI, or help finance some other goal you may have. If you are thinking about refinancing, we’ll help you figure out if it’s a worthwhile decision.

30 year mortgage rates – Source

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