Episode Transcript
The average rate on a thirty year fixed mortgage fell
by about a half percent in the last month, leading
to a sudden jump and refinancing. Real estate expert Cliff
Freeman says it depends on when you bought your house.
Speaker 2 (00:10):
Especially for people who bought a home in the last
year or so, and perhaps they've got a rate around
seven or above. Typically the rule of thumb, if you
can save a half a percent on your mortgage or more,
it's a good time to look at it.
Speaker 1 (00:23):
The Federal Reserve is expected to cut rates next month,
but Freeman notes that has already been priced into the
current market. Corey Jolson, who's Radio seven forty KTRH
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