Home Refinancing

Local mortgage rates are creeping up. So if you’ve been thinking about refinancing your home, you may want to act now.

Earlier this year, mortgage rates hit all-time record lows. And while they’re not much higher now, we’re expecting them to trend upward heading into 2022, thanks to inflation and expectation that the Federal Reserve will raise its lending rates sometime next year.

If you have a higher-rate mortgage, you may be able to cut your monthly payments by refinancing, or pay back your mortgage in less time while paying the same or a little more each month.

Didn’t get your loan through Adirondack Regional FCU to begin with? That’s OK. We can connect you with one of our expert local mortgage lenders to find out how much you can save by switching.

Stop into any of our three credit union locations in Plattsburgh, Tupper Lake, or Potsdam and ask us if a home refinancing option is right for you.

Current Mortgage Refinancing Rates

Effective as of: 12/1/2021
Approximate Term Annual Percentage Rate as Low As
1-10 years 3.50%
11-20 years 3.75%
21-30 years 3.90%