Rate Hike: Tariff Truce Impact

As of May 13, 2025, mortgage refinance rates are fluctuating. The article highlights the current trends in rates for various loan types, including 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, and 5/1 adjustable-rate mortgages (ARMs). Generally, refinance rates are influenced by economic factors like inflation, the Federal Reserve's monetary policy, and the overall health of the economy. The article likely provides specific rates for each loan type, indicating whether they have increased, decreased, or remained stable compared to the previous day or week. Homeowners considering refinancing are advised to carefully evaluate their financial situation, including their current mortgage rate, loan terms, and any associated fees. Refinancing might be advantageous if homeowners can secure a lower interest rate, shorten their loan term, or consolidate debt. However, it's crucial to consider closing costs and whether the long-term savings outweigh the initial expenses. The article likely emphasizes the importance of comparing offers from multiple lenders to find the best refinance rates and terms. It may also provide tips on improving credit scores and debt-to-income ratios to qualify for more favorable refinance options. Ultimately, the decision to refinance should be based on a thorough analysis of individual financial goals and circumstances. find the original article here: https://finance.yahoo.com/personal-finance/mortgages/article/mortgage-refinance-rates-today-tuesday-may-13-2025-100057012.html