Should you refinance your mortgage now, or wait for Fed cuts?
With a big Federal Reserve decision on the horizon, does it make sense to refinance your mortgage now, or wait?
2 min read
Sep 05, 2025
David McMillin
Contributor, Personal Finance
Experience
David McMillin is a contributor to Bankrate covering personal finance, including mortgages, real estate, student loans and auto loans. From budgeting tips for individuals to funding strategies for aspiring business owners, his goal is simple: to help readers figure out how to save more and stress less. As a musician, he has spent a lot of time worrying about money, as well, and he applies the lessons he’s learned from that financial balancing act to offer practical advice for personal spending decisions.
McMillin studied writing at DePauw University. He is based in Chicago and loves to discover new places. He only needs to visit four more states (Alaska, Oklahoma, Utah and Vermont) to check all 50 off his list.
David's latest articles
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The rise of the equity rich: How U.S. homes have gained value and owners home equity
What does it mean for the average morgage-holding homeowner?
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FHA closing costs: What they are and how much you’ll pay
Like other types of mortgages, FHA loans come with closing costs. Here’s a breakdown of what to expect.
4 min read Sep 02, 2025 -
Rates or prices? Which need to drop to make buying a house more affordable?
If you’re thinking about buying a house in 2025, you’re likely hoping for some kind of relief to make the purchase feel a bit easier on your bank account. Eighty-three percent of U.S. adults who don’t [...]
6 min read Aug 27, 2025 -
Should I buy a house now, or wait?
Buy now, or wait? It’s a question many aspiring homeowners are struggling with.
8 min read Aug 25, 2025 -
How to avoid buyer’s remorse with your new home
Buyer’s remorse is common, even when the purchase is as major as a home.
5 min read Aug 21, 2025 -
What is a purchase agreement, and how does it work?
This “agreement” is actually a legally binding contract for a real estate transaction.
4 min read Aug 20, 2025 -
What is a VA streamline refinance, also known as a VA IRRRL?
A fast and easy way to cut the interest payments on your VA home mortgage.
8 min read Aug 15, 2025