Why Refinancing Your Mortgage in 2025 May Not Be the Best Option
2025-01-15
Fortune on MSN.com
As mortgage refinances decline, many American homeowners are questioning whether to refinance in 2025. With current mortgage rates and market trends, keeping your existing loan is likely the most prudent decision. Refinancing can be costly and may not yield significant savings. Considering factors like mortgage rates, loan terms, and credit scores, it's essential to weigh the pros and cons before making a decision. For most homeowners, sticking with their current mortgage is the best choice, saving them from potential financial pitfalls. Popular options like mortgage refinancing, home equity loans, and mortgage brokers can be confusing, so it's crucial to do your research.
