Don’t Miss Out on a Chance to Refi

Mortgage activity is soaring as interest rates sink to new lows, according to a weekly Mortgage Bankers Association survey.

The average 30-year fixed mortgage dropped to a record low of 3.36 percent, according to Freddie Mac, while the 15-year rate hit 2.69 percent.

The all-time low rates drove refinancing activity to a three-year high. Refinance volume increased 20 percent from the previous week on a seasonally adjusted basis, while overall mortgage applications rose 16.6 percent.

Have you considered refinancing? As rates remain low, now is the time to contact a professional about your options.

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