According to the latest figures, nearly 6 million homeowners may benefit significantly by refinancing their mortgages due to the current trend in falling interest rates. Now is truly the best time for current borrowers to refinance, and for new borrowers to purchase! Don't let this opportunity pass you by.
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As mortgage rates plunge, millions more homeowners can benefit from refinancing
Mortgage rates are falling unexpectedly and sharply, and that means millions more homeowners can now benefit from refinancing their loans. There are now about 5.9 million borrowers who could see their rates drop by at least 75 basis points by refinancing their mortgages. Falling rates are also benefiting buyers, especially as home prices are now cooling.