It's no secret. Rates are low right now. And, it's not just mortgage rates, either -- all types of rates are scraping rock-bottom. Borrowing rates, lending rates and savings rates are at or near their all-time lowest levels. As a homeowner in Midlothian , one way to take capitalize on today's low rates is to apply to refinance your home. But there are other ways to take advantage, too. In this 5-minute piece from NBC's The Today Show, you'll learn of a half-dozen ways to exploit the current rate environment, including:
- Refinance a car loan from a high rate to a low rate, for cheap, in an hour
- Balance transfers between credit cards with teaser rates lasting up to 20 months
- Move some savings to an "online" bank where savings rates are higher