Advertisement

With national interest rates low, refinancing should be considered by homeowners

Updated: August 14, 2019 06:51 PM

The uncertainty from the recent stock market lows is causing some changes in the nation's interest rates. 

Nate Wenner, with Wipfli Financial, confirms to KSTP that interest rates are very low. 

Advertisement

Due to the recent stock market struggles, there are many people rushing in to refinance their homes. Many rates are below 4%. And a few weeks before that, the number was about the same.

"I think for a lot of people now is a good time to reconsider refinancing your mortgage. Rates have gotten very low lately as the stock market as struggled a bit," Wenner said. "The bond market has gone up which means interest rates are down."

The last time rates were below 4% was in 2016. 

Here are some helpful links to consider when refinancing: 

Connect with KSTP


Join the conversation on our social media platforms. Share your comments on our Facebook, Instagram, and Twitter pages.

Credits

Paul Folger

Copyright 2019 - KSTP-TV, LLC A Hubbard Broadcasting Company

Advertisement

U of M Regents approve $500K salary for new provost despite pushback

Walz, Minneapolis City Council reaffirm support of refugee resettlement

Waconia student taken into custody after 'inappropriate video' posted on social media

St. Paul package thief leaves thank-you note for rightful recipient

Flashback Friday: Met Center demolished 25 years ago

UPDATE: House panel approves 2 impeachment charges against Trump

Advertisement