The 1% Rule

Have you heard the “rule” that for a refinance to make sense, you have to lower your rate by at least 1%?

With rates at the lowest level we have seen for a long time, and the Fed talking about a rate cut in the near future, I dive into the 1% myth this week.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>