How to Determine the Best Time to Refinance Your Mortgage When Interest Rates Are Rising

When’s the Best Time to Refinance a Mortgage?

For most American homeowners, their mortgage payment is the single largest expense they pay every month. So, it is no surprise that when interest rates drop, homeowners by the score apply to refinance their loans to lower their rate, so they can save money.

But what happens when interest rates start heading the other way? Is it still a good idea to refinance your mortgage when interest rates are rising?

The answer depends on a few factors. In this guide, you’ll learn how to determine the best time to refinance your mortgage when interest rates are rising. more “How to Determine the Best Time to Refinance Your Mortgage When Interest Rates Are Rising”