Should You Refinance Your Mortgage in 2025? How to Know if It’s the Right Time

Refinancing can feel overwhelming, but with rates dipping to their lowest levels in nearly two years (currently 5.99% for a 30-year fixed as of September 24, 2025), many Northern California homeowners are asking: Is now the right time to refinance?

The short answer: If you purchased your home within the last 2 - 3 years or carry high-interest debt, refinancing could save you hundreds each month.

Who Is a Good Candidate for Refinancing?

You might be a strong candidate if you fall into one of these groups:

• Recent Homebuyers:

  • Closed between October - November 2022

  • Closed between June 2023 - July 2024

  • Closed between January - February 2025

• Homeowners with Debt to Consolidate:
  Refinancing allows you to roll high-interest debt (like credit cards or personal loans) into your mortgage, often lowering your total monthly payments.

• Anyone with a Rate Over 6%:
  A 1% drop in interest rate can lower your monthly payment by about 10%, creating meaningful savings over the life of your loan.

How Much Could You Save?

Tools like the Envoy Refinance Calculator make it easy to run the numbers. For example, consolidating a $25,000 credit card balance into your mortgage could free up nearly $781/month in cash flow.

That’s money you could redirect toward:

• Family vacations ✈️

• Home improvements 🏡

• Paying down your mortgage faster 💡

What Are the Benefits of Refinancing?

• Lower Monthly Payments: Lock in a reduced interest rate and save right away.

• Debt Consolidation: Combine high-interest balances into one manageable payment.

• Access Equity: Use your home’s increased value for upgrades or investments.

• Flexible Loan Terms: Shorten your loan to build equity faster, or extend it to maximize cash flow.

How Do I Start the Conversation?

When rates shift, timing matters. If you’re curious about refinancing, start with a quick check-in:

Have you reviewed your mortgage rate recently?

Even if you’re not ready to refinance today, knowing your options ensures you don’t miss out when the numbers make sense.

Ready to Explore Your Options?

At EO&A, we partner with trusted lenders like Envoy Mortgage to help our clients evaluate opportunities for savings.

Let’s talk - we’ll review your current mortgage, run your numbers in the refinance calculator, and connect you with the right lending partner.



EO&A Team



Elizabeth, Anne, Ian, Ksenia, Cliff, Annie, Erica, Mike, Beth, Nina, Sidra, Karen, Annie, Aidan

707.312.0819
hello@eoanda.com
www.eoanda.com