Interest rates are super low these days so whether you're looking to purchase a new home or stay put for a while it may be worth a call to your bank.

Buying?

The average loan payment will decrease about $50 for every .5% the interest rate drops. That's an evening out a month you'll save!

Refinancing?

Don't jump quite yet. There are a few things you'll want to consider first:

• How long do you plan on staying in your home?
• Do you have the cash to pony up for closing costs?
• Do you have enough equity in your home to be able to qualify for a refinance?
• What is the break even point for refinancing your home?

Don't know the answers to these questions (or don't know what these questions are asking)? Let me help you figure it out!