Nearly 5 million homeowners can now save money on 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 to refinance their mortgages. On a $300,000 mortgage a refinance from 4.81 percent to 4.06 percent would save the homeowner about $133 per month.

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How To Save For A House (Plus EVERYTHING else you'll need to know) American home buyers could save 6 million in. put 5% or less down on their current home, according to 2017 data from the american housing survey. home buyer takeaway: A 20% down payment is a.

 · 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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