Home refinancing boomed from 2020 to late 2021. Record-low interest rates and rapidly rising home prices created the perfect storm for homeowners to cash out on newfound equity while securing a lower interest rate at the same time.
While the real estate market is still booming, the circumstances for refinancing have changed dramatically since the start of the year. If you're considering refinancing, here are seven reasons now is not the right time to do it.
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