Home Mortgage Interest Rates are Dropping: Take Advantage of the Trend by Refinancing
Since the beginning of 2016, rates have been trending down across the board for all major loan types: 30-year conventional fixed, 15-year fixed and even 5-year adjustable rate mortgage options.
Global economic weakness may be negatively impacting your stocks and other investments, but it’s also fueling lower home mortgage rates. Now is the time to invest in your home!
For new buyers, this could mean an exceptionally hot spring housing market. But for anyone with an existing home mortgage, the news is particularly good. When rates drop significantly, it’s a prime opportunity to consider refinancing your current home mortgage.
So why refinance? Lots of reasons.
Refinancing can lower your monthly mortgage payment, lower the interest you pay over the life of the loan, allow you to convert an adjustable rate mortgage to a fixed rate or even take some cash out to make home improvements.
The best part, it’s easy to find out whether refinancing makes sense for you. Contact one of our qualified mortgage originators at GRB Mortgage at (585) 427-9200.
Refinance and you can start 2016 off in a stronger financial position! But don’t delay…interest rates can be volatile. Call today!
Why Refinance Your Mortgage
- Lower your monthly payment
- Lower the amount of interest owed over the life of your loan
- Convert an adjustable rate mortgage to one with a fixed rate
- Take cash out of the equity on your home for improvements or other investments
- Eliminate Private Mortgage Insurance (PMI)