Has The Best Time to Refinance Passed?Mar 30 2012
Have you been thinking about refinancing, but have been waiting for rates to drop as low as they can go? Well, time is up! According to an article in the Wall Street Journal, rates are moving up and could stay higher for a while.
Last week, the average 30-year fixed interest rate was 4.08%, an increase for the record low rate of 3.87% in February. While these current rates are still below average, some economists believe that we can continue to see rates rise throughout 2012 and into 2013!
Your chance to lock a rock-bottom rate is ending quickly. There's no point in waiting anymore – contact one of our refinancing experts to get you application started and lock in a low rate before it's too late!