Wednesday, January 27, 2016

Should you refinance your mortgage?

Should You Refinance Your Mortgage?




Dear Carrie,
I'm thinking of refinancing my mortgage since I know interest rates are going up. Does it still make sense or have I missed the boat?

--A Reader
Dear Reader,
Rising short-term interest rates are on a lot of people's minds these days. For savers, it's a plus, but borrowers--especially those with credit card balances--may see their payments creep up over time. However, for homeowners with a mortgage, it's a slightly different story.


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