Mortgage Refinance Timing Secrets Top Financial Experts Reveal
The Economic Indicators to Watch
Interest rates are a primary factor that influences the decision to refinance. When rates drop, homeowners often rush to refinance to lock in lower payments. According to the Federal Reserve, interest rates are influenced by various economic indicators, including inflation rates and employment statistics1. By keeping an eye on these indicators, you can anticipate changes in interest rates and time your refinance accordingly.