Half a Point: Refinancing Savings in Today's Market
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Redfins latest analysis reveals that homeowners with mortgage rates above 6% can save money by refinancing, even with a half percentage point drop in their rate. One in five households with home loans stands to benefit, but only 9.1% of eligible borrowers are refinancing, missing out on potential savings. If youre considering refinancing, shop around for the best deal, calculate closing costs, and determine your break-even point to see if its worth it.
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