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If you refinance to a $250,000 loan and the closing costs total 2 percent of that, for example, you’d owe $5,000 at closing. ... Consider using our mortgage refinance calculator to get an idea ...
By refinancing, you’d save about $220 on your monthly payments and nearly $30,000 in interest payments over the life of the loan, and it would take you about three years to recoup the closing ...
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Rates for a 15-year fixed mortgage average 6.23% for purchase and 6.22% for refinance, down 1 basis point from 6.24% for purchase and 1 basis point from 6.23% for refinance this time last week.
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...
Rates on a 15-year mortgage stand at an average 6.38% for purchase and 6.41% for refinance — up 6 basis point from 6.32% for purchase and 7 basis point from 6.34% for refinance this time last week.
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