With the Fed cutting interest rates a whopping 250 basis points so far this year, borrowing never had it this good. While rates bottomed out when 30-year mortgage rates were fetching 6.9% back in March, it's still an attractive notion. According to BankRate, 30-year loans were averaging 7.28% this past week. If you haven't refinanced -- or at least checked to see how much you could save every month by doing so -- what are you waiting for? Mortgage rates are falling and our refinancing center is an excellent starting place to find out how you could benefit.
Lower interest rates may also mean bigger profits for financial institutions, homebuilders, and home improvement centers. While the logical beneficiaries are financial institutions like Citigroup
Yes, the refinancing boom is for real, but many smart shoppers are using the lower borrowing costs as a means to move out of the rental experience into their first home or buy a new one. From industry leader Centex
For those who decide to stay put, where will the refinanced savings or the home equity loan proceeds go? Clear winners will be home improvement powerhouses like Home Depot
Still, it's a sector that appears to be worth building a portfolio around. With investors looking for companies likely to nail estimates, these companies have nail guns and they're not afraid to use them.
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