Save Money on Your Mortgage: For a lot of borrowers, it makes sense to refinance

摘要

IF YOU ALREADY HAVE A LOW-interest mortgage, you may not think it's worth the effort to refinance. But the average 30-year fixed rate is hitting record lows of 4% or less. That means if you're paying 5% or more, chances are you can save money-assuming you stay in your home long enough to recoup the closing costs. And since the Fed has made moves to lower yields on long-term Treasuries, which influence the rate for long-term mortgages, rates aren't going to climb anytime soon.