With long-term home loan interest rates staying close to the record low 2.65 percent set back in January, you can save some money with attractive 30-year fixed rates and refinancing opportunities.  Nicolet Bank Vice-President Door County Relationship Manager Bridgett Starr says the current long-term rates are still below three percent. She adds that many people are consolidating debt by refinancing this summer and save on paying higher credit cards rates.

Starr adds that a home equity loan starts at around four percent and is a way for current homeowners to afford home improvements.  She notes some people are using the equity they have built up in their primary residence to take out a line of credit in order to purchase new property.  According to Starr, refinancing makes sense if you can save at least one-half to one percent off your current interest rate.