With interest rates averaging about 4 percent on a 30-year fixed mortgage, some homeowners are wondering whether it's the last call to refinance before rates climb higher.
Experts like Jonathan Corr, CEO of Ellie Mae, a provider of on-demand mortgage software and services in Pleasanton, California, anticipate fixed rates will go up from 4.2 percent to 4.5-4.6 percent by year end.
But whether it makes sense to refi depends on several factors.
- Race to refinance?
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