Question by Keith G: Would it be a good time to refinance a 6.5% fixed rate mortgage due to recent rate cuts?
I’ve only been paying the mortgage for 4 months. should I wait longer or take advantage of the lower rates?
Answer by chemicalimbalance001
Now would be a good time.
You should probably (depending on your situation) be able to get a lower rate than that.
Will rates go down more in the future? Maybe, maybe not. Rates are low now, and you should probably jump on it.
What do you think? Answer below!