Refinancing Your Mortgage Might Make Sense

This is more of an alert to homeowners, not so much to buyers or sellers -- but if you haven't heard, re-financing your mortgage might make sense right now depending on your mortgage interest rate.

The current average mortgage interest rate on a 30 year fixed rate mortgage is 3.29!  This is the lowest we have ever seen, ever.  If your current mortgage interest rate is higher than 4%, and you plan to stay in your home for the next few years, you should at least chat with a lender to see how these low interest rates could benefit you.

You can likely either reduce your mortgage payment, or shorten the remaining life of your mortgage, or both!

Feel free to touch base with me if you want some recommendation for local mortgage lenders.