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Rates Are Back Under 3%

After six months of gradual mortgage rate increases, the interest rate on a 30-year fixed mortgage is below 3% again. If you missed your chance to refinance last year, now is a great opportunity to do so. Refinancing could reduce your monthly mortgage payment by hundreds of dollars and reduce the amount of interest you pay over the life of your mortgage by tens of thousands of dollars. And, don’t worry, we won’t pressure you to refinance if it doesn’t make sense and align with your financial goals.



If paying off your home is your goal, there are ways to refinance your mortgage without extending the life of your loan. Rates are low on 10, 15, and 20 year mortgages, as well. Oftentimes, I can help clients refinance to a shorter term loan without much difference in their monthly payment.


The Shamrock Home Mortgage team is here to help, even if you decide not to refinance. If you have specific questions about what rate we could get for you, questions about debt consolidation, or whether you should prepay your mortgage do not hesitate to reach out. We are here to help!


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