Mortgage Refinances Jumped 18% Last Week. Is Now a Good Time to Refinance?

Mortgage Refinances Jumped 18% Last Week. Is Now a Good Time to Refinance?

When mortgage rates plunged to record lows in 2020, many homeowners rushed to swap their existing mortgage loans for new ones. This year, however, mortgage rates have been creeping downward. If you've been thinking about refinancing your mortgage, now could be a decent time to do it given a recent drop in borrowing rates.