Now Is the Time to Shop for Low Refinancing Rates

One reason people give for not refinancing their mortgage loans is the belief that they’re not going to get a better rate than the one they already have, but with record-low interest rates, that’s an increasingly unlikely scenario.
Unless you have recently refinanced your mortgage, there’s a good chance you are paying more than you should in interest. However, many people are hesitant to refinance, intimidated by the process of shopping around or concerned that it will take too much time and effort to find a lower rate.
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