Although 40-50% of borrowers have not refinanced their home mortgage, it’s not too late to take advantage of historic low interest rates.
Be aware, though, that rates are off their lows, and are expected to keep climbing for at least the next couple of years. So, if you are thinking about refinancing, the sooner the better.
See our new article for more information: The Mortgage-Refinancing Opportunity of a Lifetime May Be Slipping Away.
Earlier this year, Li-Ning Huang, Senior Manager of Fannie Mae’s Business Strategy Economic & Strategic Research reported that 40-50% of Borrowers Have Not Refinanced.
The fact that many Americans have not refinanced, and mortgage rates remain at historic low level, tells us it’s not too late to take advantage of what could be an opportunity of a lifetime.
But as most good things come to an end, so will the opportunity to purchase a home or refinance at these mortgage rates.