Real estate
fromwww.housingwire.com
2 days agoTitle insurance vital to reduce risk on refinances
Refinances carry increased fraud risk; refinance-related fraud and forgery now account for 40% of title losses and average over $207,000 per claim.
Considering the current mortgage rate of around 6.41% in September 2025, and knowing that rates were half as much 10-15 years ago, it's becoming increasingly hard to convince anyone that buying a house right now is a good idea. This uncertainty has led individuals like this Redditor, who purchased a home with a high mortgage rate and is now deciding whether or not refinancing is a good option.