Interest Rate Drops: When to Refinance Without Breaking the Bank

If you purchased a home in the past couple of years, chances are you’ve been waiting to take advantage of lower interest rates. The good news is that rates are (finally) on the downswing, with at least a couple more decreases expected between now and the end of the year.

However, lowering your interest rate comes with costs—there are fees involved—so it’s crucial to find the right time to refinance and approach it wisely to avoid making a costly mistake.

Mortgages are not my forte, so here is Allison Larson with Guild Mortgage to walk you through the process, the associated costs, and what to look out for when refinancing.

If you have any questions or would like to be connected with a lender, please don't hesitate to reach out!