When will mortgage refinancing be worth it again? Here's what experts say
The current mortgage rates of 6% to 7% are understandably not very appealing to the majority of U.S. homeowners who have rates below 6%. "Even though rates in the 7% range are normal today, they don't feel normal to the consumer," says Christopher M. Naghibi, Esq., executive vice president and chief operating officer of First Foundation Bank. "It's more than double the rates they just saw advertised everywhere."
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