Recent events cause home loan rate decline

We hear daily about new all-time record highs in the stock market.  It seems like everyone who wants a job can find one, and the economy seems to be hitting on all eight, and maybe even ten, cylinders.

Loan modification: the new refinance

Let’s say you bought your present home in November of 2018, just about a year ago. You wanted a fixed-rate loan, so you selected a reputable lender, who offered a 30-year loan fixed at 4.75% interest rate. You borrowed $200,000, so your monthly principal and interest payment is around $1,043.