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See the Simple Way 20% of Homeowners Could Save $45,000 | GOBankingRates

March 19, 2015 by Admin
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They say you have to spend money to save money, but when it comes to a mortgage loan refinance spending a little now could save tens of thousands of dollars over the life of the loan. Yet 20 percent of mortgage holders who could save big bucks by refinancing their mortgage aren’t taking advantage of lower rates according to an academic study, “Failure to Refinance.” The surprising truth is that many qualifying mortgage holders don’t refinance — even when doing so could save them tens of thousands of dollars over the lives of their loans.

via See the Simple Way 20% of Homeowners Could Save $45,000 | GOBankingRates.

 
 

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Current Rates

 

Conventional Refinance
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
4.353%
APR

Conventional Refinance
30 Yr. Fixed

As of: October 12, 2018

4.875%
RATE
4.949%
APR

VA Home Loan
30 Yr. Fixed

As of: October 12, 2018

5.000%
RATE
5.199%
APR

FHA
30 Yr. Fixed

As of: October 12, 2018

4.75%
RATE
5.534%
APR

FHA
15 Yr. Fixed

As of: October 12, 2018

4.25%
RATE
5.098%
APR
 
 
 

 

 

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