Mortgage Rates Drop to Tie All-Time Low

Money magazine reports that 30 year mortgage rates dropped to 3.94% to tie rates last hit in October.  15 year rates hit new record low.  I might have refinanced a bit too early, but changing my last interest rate to a lower one saved me over $300 per month on my mortgage payment even though I went from a 30 year to a 15 year fixed!

If you haven’t done so already, refinance.  If you are considering buying, historically low mortgage rates are definitely one reason why you should.  Low Miami prices are another.

About The Author

Jennifer Wollmann

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