You might consider it, especially with rates being as low as they are. According to Freddie Mac, the average 30-year fixed rate mortgage fell to 4.78 percent, the lowest rate since Freddie Mac began the survey in 1971. That means a lot of homeowners are refinancing their purchase in order to save some money in the long run.
Missouri based mortgage broker Tom Meacham offers a few tips, including not signing on the dotted line unless you’re getting a significantly lower rate. Meacham also points out that your credit score will affect your rates, but a mortgage broker can help you find the best deals.