Some 11 Million Homeowners Can Cut Their Mortgage Payments With Refinancing

Originally published by Natalie Campisi on Bankrate.com. The average interest rate for 30-year fixed-rate mortgages dropped for the second straight week, falling a combined 12 basis points during the week ending June 10. This gives millions of homeowners a chance to save money by refinancing their loans. More people have become eligible for refinancing as mortgage rates have steadily moved lower…

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