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Leroy Said:

Anyone know of refinance mortgage rates of 4.5% or -?

We Answered:

Right now the rate on a 15 year mortgage is about 4.8% and on a 30 year 5.30% according to Bloomberg.

Juanita Said:

Should I refinance soon or now since mortgage rates are dropping?

We Answered:

There is no real good answer to this. Rates are down now, and this MAY be a good time to refinance since some think that rates will go up as inflation hits because of all the borrowing the government will have to do. Are rates at the bottom now ?? No one knows.