refinance rule of thumb

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The latest data is showing that the average rate for a 30 year fixed rate mortgage declined 14 basis points since the last week to 5.17% while the purchase application volume dropped 10.5% and the ref.

http://www.MortgageInsiderSecretsExpo. – Have you ever wondered if there is a "when to refinance rule of thumb?" In this video lesson you will discover when is it.

The typical rule of thumb is that if you can reduce your current interest rate by 0.75% to 1% or higher, it might make sense to refinance. However, there are costs involved. refinancing costs are.

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If you’re considering refinancing your mortgage, you may have searched for the "refinance rule of thumb" to help you make your decision. Of course, there isn’t a single refinance rule of thumb. There are numerous ones. And before we dive into them, it should be noted.

My rule of thumb was just the amount of house that worked out to a payment comparable to the rent I was paying before I bought the house. That was three years ago. Now that I’ve refinanced twice since then, my required mortgage payment is a good bit less.

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Your home equity is the key to refinancing – both the amount you can. When it comes to refinancing, a general rule of thumb is that you.

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Whenever interest rates fall, many homeowners wonder, should I refinance my home? Taking advantage of lower interest rates is a favorite reason for refinancing, but there are many other reasons you may want to refinance your mortgage.

Rules of Thumb for refinancing your mortgage are hard to come by. The one I’ve heard most often is "Refinance your home when interest rates have dropped by more than 1%" Interest rates are still hanging around historic lows .

There are several good reasons for refinancing your existing loan – there are also a. The rule of thumb used to be that if rates are 2% lower than your current .

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This useful article lists the top reasons on why you should refinance.. Mortgage lending competition is starting to turn the industry toward a looser rule of thumb.