Mortgage rates have fallen again to begin 2015, making refinance a smart option for more homeowners. Industry analysts agree. "From a timing standpoint, now's the time to jump on it," says BankRate.com.
Long-term indicators suggest that rates may begin a slow climb soon, eliminating the refinance option for many homeowners. Historically low rates are still attractive and new programs from Fannie Mae and Freddie Mac make it easier than ever for homeowners with low equity to refinance.