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