Refinance What experts say
After a brief rise that appeared to herald a time of belt tightening for borrowers, interest rates have dropped to 5. 14 percent, the lowest they have been since May 28. Although rates are higher than their record low of 4. 78 percent, set on April 2, they are still attractively low, making the prospect of refinancing appealing. More and more people are taking advantage of the ideal market to refinance mortgage loans.