Refinancing A Mortgage: What It Means, How It Works | Bankrate

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The cost to refinance a mortgage

Mortgage rates just dipped to their lowest level in a month, and that’s big news for homeowners and anyone thinking about refinancing or buying a home. In this episode of Main Street Money News, we break down what this means for your monthly payments, personal finances, and the overall housing market—in plain English. When mortgage rates fall, more people start to refinance their homes to lock in lower payments, freeing up extra cash to spend or save. But before you jump, we’ll show you how to r

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