Connect with us

Business

How mortgage refinancing has changed amid the coronavirus pandemic – Fox Business

Mortgage refinance rates are still low, but getting a mortgage refinance has changed since COVID. Find what has changed due to COVID that you should know about…

Published

on

post featured image

The coronavirus pandemic has completely changed life. Many changes will be temporary, but some may last forever. One bright spot was the Fed’s decision to chop interest rates. The average 30-year fixed mortgage rate is now 2.8% and the 15-year fixed mortgage rate is currently 2.33%, according to Freddie Mac.
Even the process to apply and qualify for a mortgage or refinance is different from pre-COVID. There are new fees and longer processing times. Qualifying online or in-person can be more complicated….

Click here to view the original article.