Time to Refinance

Earlier this month, I attended the Carolinas GCSA Trade Show & Conference — an excellent show, by the way — and heard a great seminar by Keith Smith, a financial advisor, who told superintendents they should refinance their homes if they already haven’t. His reason? Rates! Did you know the average interest rate for a 30-year mortgage dropped to a record low of 4.71% this week. Check out this story: http://www.usatoday.com/money/economy/housing/2009-12-03-mortgae-rates-low_N.htm.

— Larry Aylward