MARLEE:.

THERE'S A BIT OF GOOD NEWS FOR HOMEOWNERS – YOU MAY BE ABLE TO REFINANCE YOUR MORTAGE AND REDUCE YOUR INTEREST RATE.

LAST WEEK – THE AVERAGE RATE ON A 30-YEAR FIXED MORTGAGE DROPPED CLOSE TO FOUR-PERCENT.

THAT MEANS NEARLY 5-MILLION BORROWERS COULD LIKELY QUALIFY FOR A REFINANCE THAT COULD REDUCE THEIR INTEREST RATES.

3 SO WHAT DOES THAT MEAN FOR HOMEOWNERS IN WEST MICHIGAN.

AARON KLEERSNYDER WITH TREADSTONE MORTGAGE IS HERE WITH ME TONIGHT.

SHOULD OUR VIEWERS AT HOME 3 BE CONSIDERING REFINANCING? WHY WOULD THIS BE A GOOD IDEA? REFINANCING 3 PROBABLY ISN'T 3 THE BEST OPTION 3 PROBABLY ISN'T THE BEST OPTION FOR EVERYONE.

WHEN WOULD IT BE A BAD IDEA?WE SAW THE RATE DROP LAST WEEK TO ALMOST 5-PERCENT TO A LITTLE MORE THAN PERCENT TO A WEEK TO ALMOST 5- 3 PERCENT TO A LITTLE MORE THAN 4 – DO WE EXPECT IT TO KEEP DROPPING? 3 3 3 3 3.