Forgot Password / Enroll

How Can We Help You?

Why Now Is the Best Time to Refinance Your Home

Ever since the Federal Reserve dropped interest rates in 2020, there’s been a new wave of hype around getting your mortgage refinanced. And for good reason, too.

Last year, the annual average mortgage rate was between 2.61–3.11%—an all-time low. But those low rates may not be around for long. Recent statements by the Fed have many financial experts speculating that it will raise interest rates early this year, and as many as four times in 2022.

So if you’re wondering “Should I refinance my mortgage?” you may want to do it soon before rates go back up.

Saving with a Home Refi

Lower interest rates are great and all, but what do they really mean for you? And what does a lower interest rate mean for your wallet?

How about an extra $300 each month? Right now, more than 15 million Americans are in the “sweet spot” to refinance their mortgage and save an average of $300 per month. That adds up to more than $4.5 billion (with a “B”) that homeowners could save.

You could be one of them. And you won’t be alone.

Nearly two-thirds of all mortgage applications in 2021 were for home refinances. Some of that has to do with a strong real estate market and low inventory of home listings to purchase. But it was also because Americans took advantage of historic low rates and refinancing their homes.

And there’s still time to take advantage of those low rates if you hurry.

Math Time

So, how much could you save? That answer is different for everyone, but you can find your savings by using La Cap’s mortgage calculator.


Enter your current mortgage information, your cash-out and points options, your tax and savings rates, and what interest rate you think you can achieve with a refinance.

Bam! You’ll see how much you could save each month and throughout the entire loan.

Start Your Refinance Today

Like what you see? Have more questions? Or do you want to get started? Contact us today!

We can show you how to refinance your home and help secure a competitive mortgage rate you’ll love.


This website uses cookies to improve the user experience. If you agree, click to accept our recommended cookies or view our cookie disclosure to opt-out.