09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

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Mortgage Rates are Low—Should You Consider Refinancing?

Waiting around for a good mortgage rate can make you feel a little like a ballplayer who’s been warming the bench—except there’s no coach to tell you when to get in there and play.

It’s up to you to decide if the timing and terms of any new loan are right for you.

If you’ve been sitting on the sidelines for a while, wondering when and if to jump in and refinance, you’ve probably noticed that mortgage rates are fluctuating with economic news but are still lower right now than they have been since late 2016. Simply put, right now the market’s hot, and it might be time to start the mortgage refinancing process.

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