interest payments

When it comes to finding the best deal on mortgage rates, some homeowners might be feeling as if they missed the boat. Earlier this month, interest rates on 30-year fixed-rate mortgages hit their lowest point since the spring, falling to 4.89 percent. Plenty of homeowners rushed to take advantage...

Interest rates for a 30-year fixed-rate mortgage hit their lowest point in the past four months at the beginning of October, when they fell to 4.89 percent. Now they've climbed back up to 5.32 percent. Does that mean you've missed the boat and shouldn't try to refinance?