Jonathan Clements, in an article for MarketWatch.com, suggests that you refinance now!
Read the MarketWatch article: Refinance your home mortgage now.
Is the mortgage-refinancing opportunity of a lifetime slipping away? I suspect the answer is “yes”—and it isn’t because I can forecast interest rates. Rather, the Federal Reserve has announced it’s cutting back on its bond purchases, and that will likely mean higher interest rates—including rates on new mortgages.
Mortgage Rates are going up, and are expected to rise for the next couple of years. But since rates are still at a historic low level, it’s still a good time to purchase a home or refinance.