mortgage interest rate change?
I have a mortgage on my body. When I bought my house 2 years ago, my mortgage rate was 6.25% in one year 30. fixed. Because my loan was in my case, I would not change the rate of refinancing versus the fall when interest rates a year later released. I had 1% of the loan amount (around $ 1,000) payable to the left and dropped my interest rate 5.125%. My monthly payment has dropped by about $ 120 per month and paid for itself within a year. Now a year later, mortgage rates are at my body for about 4.125% -4.375% depending on the day. I have two questions of principle. Is this a good idea, a new sentence to change now? … And mortgage rates are concerned will continue to decline below 4%.