While you’ve been preoccupied with a plague and politics, mortgage rates have been falling and refinances have been booming. And the boom has a lot of room to expand.

Almost 18 million homeowners could cut their mortgage’s interest rate by 0.75% or more, according to Black Knight, a mortgage analytics company. That transcends the 3 million homeowners who refinanced in the first half of 2020.

Mortgage rates dipped to record low territory this summer and fall. The average interest rate on the 30-year fixed-rate mortgage has been under 3% since early September, according to NerdWallet’s daily rate survey.

Not sure if now is the time to refinance? Quiet your confusion by asking yourself the following four questions.

1. What’s my goal?

What do you hope

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