Is it time to refinance?

With mortgage rates at an all-time low, I am thinking about refinancing my loan. Although rates have gone up slightly in the past few weeks, they are still pretty low compared to pre-pandemic rates. I bought a condo in 2016 at $150k. I put down 20% at a fixed rate of 4.25%. My current payoff amount is close to $68k. I think I can bring the rates down to the 2 to 3% range with a refinance and lenders are offering low closing costs. Any suggestions? by lauronen872 from Bell City, Louisiana. Oct 26th 2021 Reply