Is Now the Time to Refinance My Mortgage?
Dec 15
The Federal Open Market Committee meets today and tomorrow for the last time in 2009. A component of the Federal Reserve System, this group is charged with the key responsbility of making decisions about interest rates and the growth of our nation’s money supply through the buying and selling of government securities.
In 2010, the Fed will likely reign in their current government securities investments, which will result in higher interest rates. As the interest rates have already started to rise, many Americans are asking the question: “Is now a good time to refinance my mortgage?” Watch the video below for some insight from cnnmoney.com.
