Experts: 16.3M homeowners miss out on mortgage refinance savings

homeowners miss out on mortgage refinance savings

Mortgage rates have fallen to new all-time lows so many times this year that it's almost getting routine. "Really? Again?"

16.3M miss out on mortgage refinance savings

But if you're a homeowner, don't let me catch you yawning, or shrugging off these milestones. Because a new record low means there are more old mortgages out there that are worth refinancing at lower interest — maybe including your current loan.


Is It Time for You to Refinance Your Mortgage?

Interest rates have been creeping higher, but they're still pretty low when you look at their history. Meanwhile, housing prices -- which were crashing 10 years ago -- have been on a steady climb.

Refinancing could be an excellent way to lower your mortgage rate and cut your monthly payment, or tap into your home's rising value. But it's not always the right choice.

Ask yourself these questions before you go the refi route.Ask yourself these questions before you go the refi route.

Can you dump your current loan?


Bathrooms Overtake Kitchens as Most Popular Remodeling Project

The kitchen is king among the spaces with the most impact on a home’s identity. But having a beautiful bathroom is just as, if not, moreimportant for many home owners.

In fact, bathrooms overtook kitchens as the most popular remodeling project, according to a new NAHB survey. NAHB has released the results highlighting the most common remodeling projects to kick off National Home Remodeling Month in May.


Mortgage applications jump 4.5% as buyers rush to beat higher rates.

There has never been a better time to buy or refinance!

Spring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear.

Mortgage applications rose 4.5 percent last week from the previous week, according to the Mortgage Bankers Association's seasonally adjusted report. Application volume was 6.1 percent higher than the same week one year ago.


Economic Panel Predicts Housing Will Gain Ground in 2018

The newly enacted tax law will create a more favorable tax climate for the business community, which should spur job and economic growth and keep single-family housing production on a gradual upward trajectory in 2018, according to economists speaking today at the International Builders’ Show in Orlando.


Refinance or Home Equity Loan: Which One Works for You?

Refinance or Home Equity Loan: Which One Works for You?

When your mortgage doesn’t match your financial situation it can cause a lot of stress. You don’t need to be trapped with a high-interest or variable-rate mortgage when there are other options available. But which one should you choose? Is it better to refinance your mortgage or take out a home equity loan?