Home loan rates What you need to know
Mortgage bills are often the largest monthly cost for consumers. And after a refinance, mortgage payments can often be reduced by a couple hundred dollars each month. The main reason consumers refinance is to simply save money on bills. But some do it to gain peace of mind, as they trade in an adjustable rate mortgage for a fixed rate one. Whatever the reason for a refinance, mortgage holders can currently benefit from some of the lowest rates the country has seen in decades.