Thursday, December 5, 2024
HomeMortgagesSome Homeowners Are Refinancing Their Mortgages at Higher Rates. Here's Why

Some Homeowners Are Refinancing Their Mortgages at Higher Rates. Here’s Why

If you ever thought about refinancing your mortgage, your goal is probably to find a lower interest rate and reduce your monthly payments. After all, most homeowners aren’t inclined to trade in their current mortgage rate for a more expensive one.
Yet saving money isn’t the only reason to consider a mortgage refinance, according to Sherri Calcut, president of BOK Mortgage.

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