The increase of the benchmark interest rate is not great news for homebuyers. That doesn't mean, however, that some homeowners may not still benefit from mortgage refinancing.
Homeowners with high interest rates
to compare them against your own. If you can get a rate that's a full point less than what you currently have, most professionals would advise you to take it. Even a half-point drop may be worth it, particularly if your initial home loan was a large one. Homeowners who want to pay off their loan early
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