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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. 

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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: 

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Credits

Paul Folger

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

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