From Anabela Vargas, VP/Senior Loan Officer Mortgage rates are going down. And some homeowners are discovering that the refinancing window is opening for them.
One gentleman recently came in to have us take a look at his options. His current mortgage was at 6.375%. He could refinance to 5.875%. If he wanted to pay a point, his new rate would be even lower.
Would it be a good idea for you to refinance? It might! Come see us or call 781-828-8811 x 4 and we will be happy to run your numbers.
Even if the numbers are not favorable to do a refinance right now, you’ll want
to be generally aware of the current mortgage rates so you can refinance if the numbers do start looking good.
Will rates go back to 3% anytime soon? Probably not, but nobody knows. The best bet is usually to lock in a lower rate when it makes sense. You can always talk to us about your specific situation. If refinancing is a good idea for you, we’ll tell you. If not, we’ll tell you that too. Or feel free to email me and we will get back to you.
And if you’re a first-time homebuyer who has been waiting for rates to go down, our First-Time Homebuyer Mortgage Programs give you an additional discount from today’s lower rates … and more! Come see us or call 781-828-8811 x4.
Anabela Vargas NMLS #582849 – Falo Português
Canton Co-operative Bank NMLS #721437