8 rules of refinancing when mortgage rates are falling

  • Slow down -- if you miss this boat, you can catch the next one.
  • If you shop for a refi lender, extract a promise to close.
  • Clients need to be prepared for the new realities of TRID.

Today, mortgage rates hit new 2016 lows — and some companies are reporting the lowest rates in three years. So if homeowners aren’t thinking about selling right now, there’s probably something else on their minds: refinance. Here’s how to refinance a home loan the right way.