With mortgage rates at their lowest point since the rock-bottom numbers of 2013, LOCALS may be wondering, is it a good time to refinance? "This is not a simple question," said Jean Dowd, mortgage loan office for PNC Mortgage. "People refinance for different reasons. Some to get a lower monthly payment, some want to reduce their term, some want to do both. There are also … [Read more...] about Should you refinance? Here’s what you need to know
mortgage interest
With interest rates holding steady for now, time is right to buy or refinance
With federal regulators deciding this week to hold off again on any interest rate hike, homeowners and home buyers still have an opportunity to take advantage of record-low mortgage rates. "It's a great time to refinance," said Jim Whitehouse, executive vice president of Suffolk County National Bank. "The bond market took off [after Wednesday’s rate announcement] so the … [Read more...] about With interest rates holding steady for now, time is right to buy or refinance