Rates may be on the rise, but it’s still a great time to refinance. Many of our clients have been sending out more direct mail lately due to these rates.
According to Freddie Mac, as of September 15th, 2016 rates are as follows:
— Freddie Mac (@FreddieMac) September 15, 2016
Rates are still historically low when looking at the fluctuation in rates from 1971 to now. Looking back at January of this year, rates were at 3.87%, so 3.50% is still a great rate to refinance into. If you are interested at looking at the rates from 1971 to now, Freddie Mac has a great historical chart to look at.
Lets take that into consideration: