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Borrowers saved over $2,800 annually in mortgage payments by refinancing

Borrowers who refinanced their first lien mortgages in the first half of 2021 lowered their mortgage rate on average by more than 1.20 percentage points, while for the whole of 2020 borrowers lowered their rate by about 1.15 percentage points. (SOURCE)

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* Data Source: Freddie Mac Research Guide


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