Market forces have converged in recent months to push mortgage interest rates to lows no seen since the fall of 2016. In addition, values of homes have been steadily rising all across the U.S. for the last several years. These lower rates and increased home values have made it an excellent time for many families to refinance a mortgage for several reasons: To lower rate and monthly payment, to remove mortgage insurance (PMI), to get cash out, or possibly to go to a 15 year fixed mortgage.
In addition, the low mortgage rates make monthly payments on home purchases somewhat more affordable.
If you are interested in getting an estimate for a refinance please fill in the refinance contact form in the sidebar here. Or to research pre-qualifying to purchase a home see our home purchase page here.