Time to Refinance?

Last month, the Federal Reserve’s benchmark federal funds rate – the rate banks charge each other for holding short-term funds – was increased by 0.25%. Even with that minimal increase, it is still a great time to refinance your home if you are in the market. While I’m not currently in the market for a refinance – the wife and I refinanced a couple of years ago for a 15-year loan at 3.25% – I recently checked out the Zillow Mortgage Calculator to get a sense of what kind of Read the Full Story