Market Volatility Remains ElevatedOverview: Over the past week, the coronavirus again was the source of nearly all market movement. Daily volatility remained extremely elevated, and mortgage rates ended a little above last week’s record-low levels. The degree of uncertainty about the spread of the coronavirus still has not eased, making it very difficult to forecast how …
A Refinance Means More Than Monthly Savings
You refinance to a lower rate, and you get a lower payment. But the opportunities don’t stop there. Reduce your balance faster. When you refinance to a lower interest rate, you pay more principal with each payment, especially in the first years of the loan. Example: After five years of payments on a 30-year loan of $200,000 at …
