Since the housing market is "going south", is now a good time to refinance a home or should I wait?

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Since the housing market is "going south", is now a good time to refinance a home or should I wait?

2007-09-27 06:23:52 · 2 answers · asked by Samun99 1 in Business & Finance ➔ Renting & Real Estate

2 answers

Do you need a better rate or a fixed rate? Interest rates are predicted to keep going down and they aren't bad now, so you could do it now or wait a little.

2007-09-27 06:32:49 · answer #1 · answered by Flatpaw 7 · 0⤊ 0⤋

Your decision to refinance shouldn't have anything to do with the housing market; watch the interest rates.

2007-09-27 06:28:15 · answer #2 · answered by Jeff 4 · 2⤊ 0⤋