Interest rates slowly dropping in December for North Dakota

NORTH DAKOTA (KXNET) — Interest rates went up a lot this year, much higher than it has in recent years.
However, we are starting to see a drop in interest rates as we enter December.

According to Bankrate’s latest survey, today, the national average 30-year fixed refinance interest rate is 6.61%.
The average 15-year fixed refinance interest is 5.92%.
Homeowners and landowners usually wait until interest rates drop before refinancing their property.
And right now, they are going down slowly.
2020 and 2021 ushered in a refinance boom, when homeowners took advantage of rock-bottom rates.
However, if you come across money from an inheritance, or receive substantial equity, you might have an opportunity to benefit from a cash-out refinance or a home equity loan.
Overall, refinancing will be a less attractive option as rates climb.

You May Also Like

Nicola Bulley missing: ‘Something’s not right’ warns private diving expert

A forensic expert whose team of divers has been drafted in to…

Jacksonville City Council to vote on a bill that would ban panhandling at intersections

Jacksonville city council member raises concerns about panhandlers JACKSONVILLE, Fla. – The…

Teen Who Stabbed Classmate 114 Times Pleads Guilty on Day Trial Was to Begin

A Florida teen accused of stabbing a classmate more than a hundred…

Florida Man Busted By K-9 For Cocaine And Ketamine During Traffic Stop In Hernando County

(HCSO) HERNANDO COUNTY, Fla. – A Florida man was arrested after a…

New political vibes this State of the Union

WASHINGTON – Look for new faces and fresh political dynamics as President…

Cops Investigate Ohio Toddler’s Serious Injuries; Girl Not Expected to Survive

An Ohio toddler is not expected to recover after she was taken…

What to expect as accused Tristyn Bailey killer goes on trial

“He doesn’t look like the little boy he looked like.” FCN legal…

Chinese ‘spy’ balloon: China accuses US of use of force

The U.S. shot down the balloon off the Carolina coast after it…

St. Johns County sheriff, community react to Aiden Fucci pleading guilty to murder in Tristyn Bailey’s death

ST. JOHNS COUNTY, Fla. – Community members shared their reactions Monday to…

Bartender Cala Richardson charged in Alex Cervantes death

Cala Richardson (via Lake Worth (Texas) Police Department). A Texas bartender has…

Aiken County community gather for gun violence survivors observance

AIKEN COUNTY, S.C. (WJBF)- Ringing a bell for each life lost due…

Nurse Mother Accused of Killing Her Three Children to Face Charges from Hospital Bed

A Massachusetts mother accused of killing her children last month is scheduled to…