- Published: Wednesday, 17 June 2009 17:00
- Written by American Institute of Certified Public Accountants.
Interest rates often fall during tough economic times. That's good news for homeowners who would like to shave a few dollars off their monthly mortgage payments. That's because when interest rates fall, it's time to consider refinancing your mortgage loan. If you can find a loan with a lower interest rate, your regular payments will drop. However, refinancing is only a good idea under the right circumstances. The Oregon Society of CPAs offers some advice on deciding whether the time is right. . . .