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Nearly 5 million homeowners can now save money on their mortgages

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Mortgage rates hit an almost three-year low last week, and it seems homeowners are finally taking full advantage.. They're now at their highest point since mid- 2016. Freddie Mac shows the average rate on a 30-year, fixed mortgage is. even so, millions of homeowners could save money by refinancing.

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Nearly 5 million homeowners can now save money on their mortgages April 8, 2019 FROM CNBC NEWS: A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.

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Nearly 5 million homeowners can now save money on their mortgages A sharp drop in interest rates last week suddenly made millions more borrowers eligible for a mortgage refinance.

Why Your Home is Too Big - Downsize & Make $2 Million On a $300,000 mortgage a refinance from 4.81 percent to 4.06 percent would save the homeowner about $133 per month. On a $600,000 loan,

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Just how much money could you stand to save with a refinance?. Mortgage rates have dropped nearly a full point in the last year, and. If refinancing has been on your mind, now might be the time to lock your new rate.. 9 million homeowners could shave up to 0.75% off their interest rate by refinancing.

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Nearly 5 million homeowners can now save money on their mortgages With the average rate on the 30-year fixed now close to 4 percent, 4.9 million borrowers could likely qualify for a refinance and.

With rates coming down, borrowers can not only save money through a refinance, but more borrowers are likely to be eligible. Appraisals have been an issue in the housing market for buyers and refinancers. Home prices inflated so quickly that some appraisals were not keeping up. Now that home prices are cooling, that is the case less often.

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