Following the Fed’s announcement last week, the national average rate on a traditional 30 year fixed rate has inched lower from where it was at the start of the quarter. This is a good time for homeowners to take advantage of the low interest rates and look into refinancing their current home loan.

Homeowners who want to reduce their monthly mortgage obligation can check convenient rate tables found on websites such as ERATE.com to stay abreast of the most current mortgage rate movement. Furthermore, the lenders featured on these rate tables typically offer rates significantly lower than the already low national average.

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