By Marcus McCue, Executive Vice President & Chief Business Development Officer, Guardian Mortgage Company, Inc.
Texas homeowners who didn’t refinance in 2013 when rates hit record lows have another opportunity to lock in extremely low rates. Current low mortgage rates, thanks to a prolonged slump in oil prices, may entice some homeowners to act before the Federal Reserve dials back its bond-buying stimulus—something most housing experts predict will happen later this year.
There’s not a huge amount of homeowners out there who haven’t already refinanced at the low rates that persisted for a number of years, but they do exist.
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