home mortgage

Time to Refinance Your Home?

One silver lining amid recent events is that market interest rates have declined, resulting in lower mortgage rates. Mortgage rates are sensitive to the 10-year Treasury note, which had a yield of 1.53% as of Sept. 30, 2021, an increase over the near-record low 0.66% yield as of Sept. 30, 2020. While less opportune a time to consider refinancing than near the record-low yield, a home refinance may still be worth considering if you have not done so recently.