{"id":579,"date":"2017-01-29T22:21:39","date_gmt":"2017-01-29T22:21:39","guid":{"rendered":"http:\/\/www.mikeclover.com\/blog\/?p=579"},"modified":"2017-01-29T22:21:39","modified_gmt":"2017-01-29T22:21:39","slug":"procrastinating-about-a-refinance-right-now-could-be-the-last-call","status":"publish","type":"post","link":"https:\/\/www.mikeclover.com\/blog\/2017\/01\/29\/procrastinating-about-a-refinance-right-now-could-be-the-last-call\/","title":{"rendered":"Procrastinating about a refinance? Right now could be the last call\u2026"},"content":{"rendered":"

\"Refinance<\/a><\/p>\n

Have you been thinking about refinancing your mortgage, but putting it off because you thought your home\u2019s value might be too low or you thought you probably wouldn\u2019t qualify for a new loan?<\/p>\n

Maybe you\u2019ve just been procrastinating, thinking rates might go even lower. That isn\u2019t likely to happen, so it\u2019s time to take another look at the situation.<\/p>\n

If you\u2019re paying more than 1% above the rate you could get today, you\u2019re paying too much. Locking in a low rate now will save you thousands of dollars in the coming years.<\/p>\n

Consider these points:<\/strong><\/p>\n

Interest rates are rising.<\/strong> We\u2019re not likely to see 3.55% again, but we\u2019re still barely above 4% – at least for a while. Economists think rates will reach 4.5% some time this year, and be back up at 6% by 2019.<\/p>\n

Home values are increasing.<\/strong> In fact, in many communities, homes are back to their \u201cpre-crash\u201d prices. That means your house is probably worth more than it was a year or two ago, giving you some added benefits in a refinance.<\/p>\n