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OPINION: Interest Rates Still Low Enough to Consider Mortgage Refinancing.
Byline: Lisa Haarlander
Apr. 16--If you own a home, you're probably wondering if you should refinance your mortgage.
After all, interest rates this low haven't been seen in years. But is the expense and hassle worth it? And with mortgage rates now inching higher, have you missed the boat?
Maybe not. While rates are going up, they have only been this low 11 months out of the last 25 years. Fifteen-year fixed-rate mortgage locally are between 5.75 percent and 6.75 percent, according to Bankrate.com, the Web's leading collector of financial data and reports.
Sure, interest rates were a little lower just a month ago. And yes, you would have saved more by refinancing then. But you can still probably save money by refinancing now. And saving…
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