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Stock impact report

Should you refinance your mortgage this October? Here's what experts think. [CBS News]

Cullen/Frost Bankers, Inc. (CFR) 
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: frostbank.com/investor-relations
Company Research Source: CBS News
in the years following as the Federal Reserve repeatedly raised interest rates to fight inflation Americans accustomed to rates in the 3.00% to 4.00% range or below struggled to find loans below 7% . This left many would-be borrowers sitting on the sidelines hoping low mortgage rates would some day return. This included not just buyers, but those hoping to refinance their mortgage as well. Fortunately, the tides are turning and those eager for mortgage rates to fall have started to see that dream become a reality. Current mortgage rates and refinance rates are down more than a point off post-pandemic highs and, with the Federal Reserve cutting the benchmark rate by 50 basis points at its September meeting, it's not surprising rates have dropped to a 2-year low The big question now is, should you refinance in October or wait for rates to decline further? We asked some experts for their thoughts. See how low of a mortgage refinance rate you could secure now here Should you refi Show less Read more
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