Refinancing

What is the current mortgage interest rate and activity level of mortgage refinancing in WA State? See if refinancing your home today a good option for you.'

This is part of an ongoing blog series that discusses commonly used mortgage strategies among home buyers and homeowners in Washington. Today, we’ll talk about how a homeowner in Washington State could benefit by refinancing from an adjustable-rate to a fixed-rate mortgage.'

Is now a good time for a cash-out refinance for you? And is this a trend that is expected to continue in Washington state and across the country in 2024? '

Mortgage rates have been low over the recent past, allowing homeowners to take advantage of these lower rates by refinancing. This presents a great opportunity for homeowners to refinance their mortgages. But rates have been on the rise over the past couple of years. Given this, is 2024 a good time for you to refinance in Portland, OR? '

Home price increases in WA State have slowed over the past year, while interest rates have increased significantly. This has led to a slowdown in mortgage refinancing this past year. But there's been a recent uptick in refinancing thanks to a dip in mortgage interest rates. And experts agree that this trend will continue throughout 2024.  '

With mortgage rates still at historically low levels, why are some homeowners still trotting out refinance excuses? If they can save money, what stops them from taking a step that will put money in their pockets each month?'