Friday Finance Findings for June 18th
Written on June 18, 2010 – 6:12 pm | by Adam Gomez
Can you believe how low mortgage rates are these days? I was looking yesterday and was shocked to see rates well under 5% in some cases. That’s crazy. I remember last year when we got a 5.25% rate we thought that was pretty good considering our last mortgage was close to 7%, but what can you do? In our case, nothing, but those of you looking to buy a new home or refinance what you currently have are in a great position. Of course, you want to make sure you buy a house for the right reasons and don’t jump into it just because rates are low, but the low rates certainly help.
If you’re in a position like me and already have a home and refinancing isn’t much of an option there’s still a way you can help trim interest off that loan.
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