1. Millennials see home equity a little differently In a recent Bankrate survey, millennials said they were more likely to feel comfortable using equity they’d built up in their home to fund nonessential purchases like vacations or luxury items. Baby boomers and Gen Xers, meanwhile, remained more committed to using those funds for emergencies or improvements like renovations.

2. The taper is coming The Fed keeps signaling that policy changes are on the horizon, and as it tapers asset purchases, mortgage rates and other kinds of interest are likely to rise. That’s why it’s more crucial than ever to seriously consider refinancing your mortgage if you haven’t already. Today’s ultra-low rates will be in the rearview mirror before long.