Rates are in decline. The Federal Reserve cut rates by a half a percent during their September meeting, which has in turn favorably affected mortgage rates. 30-year fixed rates had already been declining for six consecutive weeks, reaching their lowest level since February 2023.

Time to refinance today. With lower rates comes more refinance activity, as recent homebuyers can take advantage of today's lower rates to potentially save thousands over the life of their loan. If you bought a home in the past year, you can likely save with a refinance today.

Ready to take advantage of today's lower rates, whether by buying or refinancing? Turn to the experts at National Iron Bank to find you the right loan.

Excerpt from National Mortgage Professional