Cheryl Bourland's blog

If you currently have a mortgage, then now is the perfect time to look into refinancing. In fact, a report from last week by data and analytics company Black Knight determined that 4.9 million U.S. homeowners could significantly reduce their interest rates if they were to refinance their mortgage! This number spiked dramatically from just one week prior, rising by 1.6 million borrowers.

As a potential seller, you might find yourself agonizing over a simple, but important, decision: when should you put your home on the market? According to a new report by Realtor.com, the answer to this question might be just around the corner! After examining data from the 50 largest real estate markets in the nation over the past three years, the report concluded that the week of March 31 through April 6 was the best time to list your home. Keep reading to learn why Realtor.com thinks this might be the perfect time to put your home on the market!

Homeowners consistently fail to refinance their mortgages, even when doing so could save them thousands of dollars in interest. This is the finding made by researchers at Columbia Business School whose work was recently published in The Review of Financial Studies. After examining mortgage refinancing data from November 2011 through March 2013, the researchers determined that 51% of homeowners who received preapproval applications through the Home Affordable Refinance Program chose not to apply, a decision which cost them each nearly $9,000 in savings.