94% of Homeowners Who Refinanced Recently Raised Their Mortgage Rate a Lot in the Process
Typically, borrowers refinance their home loans to take advantage of lower mortgage rates. But recently, the average refinance has resulted in an interest rate 2.4% higher than the rate prior to the transaction. As to why, itâs mostly because the only homeowners refinancing these days are doing so to tap equity. The last time we… Read More »94% of Homeowners Who Refinanced Recently Raised Their Mortgage Rate a Lot in the Process
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