20 Second Advisor: Time to Refinance?

Home mortgage rates were trending up for a while, but they have declined to a point where it may make sense to refinance to a lower interest rate or shorter loan term.

Current rates (subject to change):

• 30 Year Conventional: 3.75%
• 15 Year Conventional: 3.375%

It may make sense for you if:

• Your interest rate is above 4%
• You have been in your home for 10+ years
• You have a goal to pay off your home quickly