With interest rates being favorable, any homeowners who have an interest in refinancing should contact their mortgage lender. Amanda Krenz with Community 1st Credit Union tells KNIA News refinancing now takes advantage of the low cost that you might not have gotten before.

“Let’s say when you applied for a mortgage you had great credit, a great income, great job history, you still might have closed with an interest rate that is higher than it might have been today. I will toss out the number 4%, maybe 4.5% is what people were closing on late last year and early this year. Rates are lower than that right now.”

Krenz also said the rates do not look like they are changing, but anything can happen so if you are able to take advantage of it now and you are in a good position to do so, you should.