A new study finds that a mortgage refinance would help 43% of U.S. homeowners with a 30-year loan. While Calif. has the largest number, Fla. ranks second.
This is from a recent article (Click Here) from Florida REALTORS®. It makes a lot of sense because so many people have fixed rate mortgages that are higher than the current interest rates being offered. The study found that the average savings on a new 30 year mortgage would yield savings of about $300 a month.
Hopefully, you have a mortgage broker you can trust. Do yourself a favor and make sure to look closely at all closing costs and fees if you are looking to take advantage of these low rates.