Experts say that with mortgage rates beginning to rise, refinancing a home now might be the last best chance to lower the monthly mortgage payment, as rates remain near all-time lows.
Those who refinanced early in 2021 have already reaped the benefits. Borrowers who refinanced their 30-year fixed rate mortgage into another 30-year fixed rate mortgage during the first half of 2021 saved over $2,800 in mortgage payments on principal and interest annually, according to a recent Freddie Mac research...
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