How to Calculate Your Home Refinance Savings: Insights from a Mortgage Refinancing Company in Galesburg, Illinois
Many people have considered refinancing their home since the Federal Reserve lowered interest rates in 2020. Last year, the annual average interest rates for 15-year fixed-rate mortgages and 30-year fixed-rate mortgages were 2.61% and 3.11%, respectively — the lowest since the Federal Home Loan Mortgage Corporation (“Freddie Mac”) started reporting in 1991. And with the […]