Nearly 5 million homeowners can now save money on their mortgages

With rates coming down, borrowers can not only save money through a refinance, but more borrowers are likely to be eligible. Appraisals have been an issue in the housing market for buyers and refinancers. Home prices inflated so quickly that some appraisals were not keeping up. Now that home prices are cooling, that is the case less often.

Nearly 5 million homeowners can now save money on their mortgages Real Estate A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.

It is also a jump of 6.3 million eligible borrowers since last November, when rates peaked at just over 5%. The average.

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Nearly 5 Million Homeowners Can Now Save Money On Their Mortgages. A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.. That is a nearly 50 percent increase in the size of that population in a single week.

 · More than 12 million homeowners are planning to sell their house in the next 1.5 years. And according to new data, many of them are speeding up their.

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Nearly 5 million homeowners can now save money on their mortgages. That is a nearly 50 percent increase in the size of that population in a single week.. A sharp drop in interest rates last.

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That is a nearly 50 percent increase in the size of that population in a single week. On a $300,000 mortgage, a refinance from 4.81 percent to 4.06 percent would save the homeowner about $133 per month. A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.

 · For Some Americans, the Housing Crisis Isn’t Over About 7.5 million people still owe more on their mortgages than their homes are worth. And in some counties, numbers are climbing.

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 · The average interest for 30-year fixed-rate mortgages is nearing 4 percent again, ushering the way for millions more homeowners to save money by refinancing.

 · Nearly 6 million Americans have already lost their homes to foreclosure since the housing bubble popped, and about 3.5 million are in foreclosure proceedings. But the worst is yet to come.

The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate — two million more than last month, according.