Search Results Page

Is Now the Time to Refinance?

1. SELCO Community Credit Union /
2. Education Articles /
3. Is Now the Time to Refinance?

The benefits of refinancing locally could make the difference. In mid-2022, the Federal Reserve began raising interest rates in an effort to reduce inflation. By October 2023, the average 30-year fixed mortgage rate climbed to 7.79%, the highest it had been in the 21 st century since topping out at 8.64% in 2000. Those surges put homeowners...