I saw some unbelievable interest rates this week and they’re still going strong. My experience is that they don’t last long, so if you can, I definitely recommend taking advantage.
And remember, if you can’t refinance traditionally because you have less than 20% equity in your home (or even if you’re underwater in some cases), check these two sites to see if your current loan is owned by Fannie Mae or Freddie Mac:
http://loanlookup.fanniemae.com/loanlookup/
https://ww3.freddiemac.com/corporate/
Make sure that you plug in the information exactly as shown on your mortgage statement.
If the site says “Match Found,” you may be able to refinance into these low rates without any penalties. Call me if you would like to do an assessment.
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