Should I pay attention to interest rates?

Everywhere you turn right now, there’s a new wave of hype about mortgage refinancing. That’s all thanks to the Federal Reserve dropping interest rates by half a percentage point at the beginning of March 2020 and then dropping again mid-month to between 0–0.25%.1,2 Zero percent is pretty attention grabbing, but keep in mind that it doesn’t mean you can get a mortgage with 0% interest (wouldn’t that be nice).

All of this interest-rate shifting is in an effort to boost the economy in the middle of the coronavirus or COVID-19 (you’ve probably heard all about that, haven’t you?). Lower interest rates are great and all, but how do you know if it’s the right time for you to actually refinance?


Read More....