· A one percent interest rate reduction may net significant savings on a $1 million mortgage but will be less beneficial for a $100,000 mortgage. There are costs associated with refinancing that are important to weigh up if you’re thinking of refinancing (covered in more detail below).
The average rate on 30-year fixed-rate mortgages is unchanged this week. and Fed officials continue to hint that a cut in.
The average rates on 30-year fixed and 15-year fixed mortgages both climbed. At the current average rate, you’ll pay.
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