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AHEAD – HOW TO SAVE ON A MORTGAGE NOW Why is now a good time to refinance? With home prices on the Official Vagina is not a bad word T-shirt But I will love this rise and positive outlooks for the year of growth ahead, refinancing now can be beneficial for homeowners. Here three reasons why homeowners should do so, rather than wait: Rising home prices. In order to refinance and take money out of their home, homeowners must maintain at least 80% equity. With home prices surging, many homeowners are now in the market for a cash-out refinance. Home prices are now higher than ever, rising nearly 18% in May, according to the latest housing data from Black Knight. This marked the third consecutive month for the value of all homes to hit an all-time high. This could help homeowners who want to pull money out of their home through a refinance. Visit Credible to get started. Low interest rates. They’re the greatest reason to refinance and are where homeowners can see the most savings. With interest rates at all-time lows, many homeowners can lower their monthly payment by hundreds of dollars by refinancing into today’s sub-3% mortgage rates. But these low rates won’t last long as mortgage rates are projected to rise by the end of the year. No refinance fee. Among the many good reasons to refinance, the Biden administration recently eliminated the adverse market refinance fee, which will save homeowners an average of