After years of rising interest rates, the average interest rate on 30-year fixed-rate mortgages started falling again in 2016, and has continued to fall so far in 2017 and 2018. In fact, in August 2018, the average interest rate on 30-year fixed-rate mortgages hit its lowest point since 2013. This is good news for homeowners looking to refinance their mortgage, as it means they can refinance at lower rates than ever before. The best mortgage refinance companies tend to offer more competitive rates than other banks and credit unions; however, not all of them offer the same interest rates on their home loans.
The Best Overall
If you’re looking to refinance your mortgage in August of 2022, these are the companies you should consider. First on our list is Rocket Mortgage by Quicken Loans. They offer a simple and streamlined refinance process that can save you both time and money. Plus, their online platform makes it easy to compare rates and terms side-by-side.
The Most Affordable
If you’re looking to save money on your mortgage, refinancing is a great option. Rates are still low, so now is a great time to refinance. But with so many companies out there, it can be hard to know who to trust. That’s why we’ve done the research for you and compiled a list of the best mortgage refinance companies in August 2022.
The Easiest Process
There are a lot of things to consider when refinancing your mortgage, but working with the right company can make the process a whole lot easier. Here are the best mortgage refinance companies in August 2022, based on customer reviews and our own research.
The Best for Low Credit Scores
If you have a low credit score, you might be wondering if you can still refinance your mortgage. The good news is that there are companies out there that specialize in helping people with low credit scores get the financing they need. Here are the best mortgage refinance companies for people with low credit scores
The Cheapest Options
When it comes to refinancing your mortgage, you want to get the best deal possible. But what is the best deal? Is it the lowest interest rate? The lowest fees? The best customer service?