Mortgage interest rates falling

Sign Up for the undefined Newsletter

Many homeowners are looking to save money by refinancing their mortgages and reducing monthly payments. Anyone who has obtained a loan in the past year has gotten a 6 percent fixed rate, according to Julie Teitel, a senior vice president at GuardHill Financial. Both fixed and adjustable mortgage rates have declined, and Melissa Cohn, president of Manhattan Mortgage, said rates are expected to fall to 4.5 percent.

Recommended For You