Refinance now, or wait for the perfect rate?
People ask a lot these days what the best refinance rate is they can get. And, will the rates get lower? My crystal ball is no clearer than anyone else’s. One of my mentors at Wells Fargo Bank years ago claimed, “The best predictor of where interest rates will be is where they are right now”. True as it may be, it doesn't answer our question. Financial theory also proposes that market prices reflect all currently known information. As borrowers and investors in real estate, we must then make assumptions about what the future holds.
