{"id":74718,"date":"2020-09-30T18:12:00","date_gmt":"2020-09-30T18:12:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2736357"},"modified":"2020-09-30T18:12:00","modified_gmt":"2020-09-30T18:12:00","slug":"homeowners-could-save-thousands-by-refinancing-their-mortgages","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/30\/homeowners-could-save-thousands-by-refinancing-their-mortgages\/","title":{"rendered":"Homeowners Could Save Thousands by Refinancing their Mortgages"},"content":{"rendered":"

\"\"<\/p>\n

Mortgage rates are holding steady near historic lows1<\/sup>, and homeowners who haven’t refinanced could be tossing thousands of dollars out the window.<\/p>\n

The monthly mortgage payment on the typical U.S. home, worth $256,663<\/span> in August, would be $951<\/span> before taxes or insurance with a 3.75% mortgage rate, near where rates were a year ago. But with a 3.02% rate2<\/sup>, that monthly payment drops to $868<\/span>, which adds up to nearly $1,000<\/span> per year in savings. Over the lifetime of a 30-year loan on that same home, the difference between a 3.75% rate and a 3.02% rate comes out to $29,880<\/span>.<\/p>\n

As the coronavirus pandemic has impacted the U.S. economy, one effect has been persistently low interest rates. The Federal Reserve lowered interest rates to near 0% in March to help bolster the national economy and shows no sign of raising them. As a result, mortgage rates, which generally follow bond yields, have lingered near historic lows.<\/p>\n

“Choosing whether to refinance your mortgage is ultimately a personal choice, but recent moves in mortgage rates have probably made that decision a whole lot easier for those who qualify,” said Zillow economist Matthew Speakman<\/span>. “Mortgage rate declines have allowed many to lower their monthly mortgage payment or tap into the equity they’ve built in their home by refinancing their loan – offering some financial stability to many in a time of great economic uncertainty. With rates poised to stay relatively low for the immediate future, for many – including those paying mortgage insurance – a refi could remain a worthwhile endeavor.”<\/p>\n

Refinancing does come with additional fees that can range from 2% to 6% of the loan’s principal3<\/sup>, so homeowners who are planning to move within the next couple years may not save enough on a monthly basis to offset those fees.<\/p>\n

Since mortgage payments are based on the price of the home loan, homeowners in pricier markets could see savings of hundreds of dollars each month by refinancing to a lower mortgage rate. In the San Francisco<\/span> and San Jose<\/span> metros, where the typical home is worth more than $1 million<\/span>, the monthly savings from a 3.02% rate instead of a 3.75% rate is more than $350<\/span>.<\/p>\n

Homeowners with smaller loans may not benefit as much from the current low rates unless their current rate is significantly higher. For example, in Memphis, Tenn.<\/span> and Oklahoma City<\/span>, the difference in monthly mortgage payments on the typical home with a 3.75% mortgage rate and 3.02% mortgage rate is only $53<\/span>. Homeowners who are interested in their potential savings from refinancing their mortgage can talk to their lender or use Zillow’s refinance calculator to see what they could save.<\/p>\n

Homeowners who are refinancing their mortgages currently make up about 63% of mortgage activity, according to the Mortgage Bankers Association4<\/sup>. Refinancing soon could save borrowers more money than if they wait to refinance. Beginning in December, Fannie Mae and Freddie Mac are planning to charge an “adverse market fee” on most refinanced mortgages they purchase, which the Mortgage Bankers Association estimates will cost about $1,400<\/span> on the typical loan5<\/sup>.<\/p>\n

Home buyers are currently facing low inventory and climbing prices. As low interest rates keep their monthly payments more affordable, they may be able to stretch their dollar further, giving them more options. Zillow’s affordability calculator can help buyers understand how much purchasing power they have based on their income, down payment and mortgage rate.<\/p>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Metro Area<\/strong><\/span><\/p>\n<\/td>\n

\n

Typical
Home
Value in
August<\/strong><\/span><\/p>\n<\/td>\n

\n

Monthly
Payment
with a 3.75% 
Rate*<\/strong><\/span><\/p>\n<\/td>\n

\n

Monthly
Payment
with a 3.02%
Rate<\/strong><\/span><\/p>\n<\/td>\n

\n

Annual
Payment
with a
3.75% Rate<\/strong><\/span><\/p>\n<\/td>\n

\n

Annual
Payment
with a 3.02%
Rate<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

United States<\/span><\/p>\n<\/td>\n

\n

$256,663<\/span><\/p>\n<\/td>\n

\n

$951<\/span><\/p>\n<\/td>\n

\n

$868<\/span><\/p>\n<\/td>\n

\n

$11,412<\/span><\/p>\n<\/td>\n

\n

$10,416<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

New York, NY<\/span><\/p>\n<\/td>\n

\n

$493,579<\/span><\/p>\n<\/td>\n

\n

$1,829<\/span><\/p>\n<\/td>\n

\n

$1,669<\/span><\/p>\n<\/td>\n

\n

$21,948<\/span><\/p>\n<\/td>\n

\n

$20,028<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Los Angeles-Long Beach-Anaheim, CA<\/span><\/p>\n<\/td>\n

\n

$706,714<\/span><\/p>\n<\/td>\n

\n

$2,618<\/span><\/p>\n<\/td>\n

\n

$2,390<\/span><\/p>\n<\/td>\n

\n

$31,416<\/span><\/p>\n<\/td>\n

\n

$28,680<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Chicago, IL<\/span><\/p>\n<\/td>\n

\n

$246,357<\/span><\/p>\n<\/td>\n

\n

$913<\/span><\/p>\n<\/td>\n

\n

$833<\/span><\/p>\n<\/td>\n

\n

$10,956<\/span><\/p>\n<\/td>\n

\n

$9,996<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Dallas-Fort Worth, TX<\/span><\/p>\n<\/td>\n

\n

$261,739<\/span><\/p>\n<\/td>\n

\n

$970<\/span><\/p>\n<\/td>\n

\n

$885<\/span><\/p>\n<\/td>\n

\n

$11,640<\/span><\/p>\n<\/td>\n

\n

$10,620<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Philadelphia, PA<\/span><\/p>\n<\/td>\n

\n

$262,437<\/span><\/p>\n<\/td>\n

\n

$972<\/span><\/p>\n<\/td>\n

\n

$887<\/span><\/p>\n<\/td>\n

\n

$11,664<\/span><\/p>\n<\/td>\n

\n

$10,644<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Houston, TX<\/span><\/p>\n<\/td>\n

\n

$222,936<\/span><\/p>\n<\/td>\n

\n

$826<\/span><\/p>\n<\/td>\n

\n

$754<\/span><\/p>\n<\/td>\n

\n

$9,912<\/span><\/p>\n<\/td>\n

\n

$9,048<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Washington, DC<\/span><\/p>\n<\/td>\n

\n

$452,030<\/span><\/p>\n<\/td>\n

\n

$1,675<\/span><\/p>\n<\/td>\n

\n

$1,529<\/span><\/p>\n<\/td>\n

\n

$20,100<\/span><\/p>\n<\/td>\n

\n

$18,348<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Miami-Fort Lauderdale, FL<\/span><\/p>\n<\/td>\n

\n

$310,471<\/span><\/p>\n<\/td>\n

\n

$1,150<\/span><\/p>\n<\/td>\n

\n

$1,050<\/span><\/p>\n<\/td>\n

\n

$13,800<\/span><\/p>\n<\/td>\n

\n

$12,600<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Atlanta, GA<\/span><\/p>\n<\/td>\n

\n

$251,454<\/span><\/p>\n<\/td>\n

\n

$932<\/span><\/p>\n<\/td>\n

\n

$850<\/span><\/p>\n<\/td>\n

\n

$11,184<\/span><\/p>\n<\/td>\n

\n

$10,200<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Boston, MA<\/span><\/p>\n<\/td>\n

\n

$514,321<\/span><\/p>\n<\/td>\n

\n

$1,906<\/span><\/p>\n<\/td>\n

\n

$1,739<\/span><\/p>\n<\/td>\n

\n

$22,872<\/span><\/p>\n<\/td>\n

\n

$20,868<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

San Francisco, CA<\/span><\/p>\n<\/td>\n

\n

$1,127,066<\/span><\/p>\n<\/td>\n

\n

$4,176<\/span><\/p>\n<\/td>\n

\n

$3,811<\/span><\/p>\n<\/td>\n

\n

$50,112<\/span><\/p>\n<\/td>\n

\n

$45,732<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Detroit, MI<\/span><\/p>\n<\/td>\n

\n

$188,420<\/span><\/p>\n<\/td>\n

\n

$698<\/span><\/p>\n<\/td>\n

\n

$637<\/span><\/p>\n<\/td>\n

\n

$8,376<\/span><\/p>\n<\/td>\n

\n

$7,644<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Riverside, CA<\/span><\/p>\n<\/td>\n

\n

$400,664<\/span><\/p>\n<\/td>\n

\n

$1,484<\/span><\/p>\n<\/td>\n

\n

$1,355<\/span><\/p>\n<\/td>\n

\n

$17,808<\/span><\/p>\n<\/td>\n

\n

$16,260<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Phoenix, AZ<\/span><\/p>\n<\/td>\n

\n

$312,317<\/span><\/p>\n<\/td>\n

\n

$1,157<\/span><\/p>\n<\/td>\n

\n

$1,056<\/span><\/p>\n<\/td>\n

\n

$13,884<\/span><\/p>\n<\/td>\n

\n

$12,672<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Seattle, WA<\/span><\/p>\n<\/td>\n

\n

$559,226<\/span><\/p>\n<\/td>\n

\n

$2,072<\/span><\/p>\n<\/td>\n

\n

$1,891<\/span><\/p>\n<\/td>\n

\n

$24,864<\/span><\/p>\n<\/td>\n

\n

$22,692<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Minneapolis-St Paul, MN<\/span><\/p>\n<\/td>\n

\n

$305,202<\/span><\/p>\n<\/td>\n

\n

$1,131<\/span><\/p>\n<\/td>\n

\n

$1,032<\/span><\/p>\n<\/td>\n

\n

$13,572<\/span><\/p>\n<\/td>\n

\n

$12,384<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

San Diego, CA<\/span><\/p>\n<\/td>\n

\n

$643,903<\/span><\/p>\n<\/td>\n

\n

$2,386<\/span><\/p>\n<\/td>\n

\n

$2,177<\/span><\/p>\n<\/td>\n

\n

$28,632<\/span><\/p>\n<\/td>\n

\n

$26,124<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

St. Louis, MO<\/span><\/p>\n<\/td>\n

\n

$187,795<\/span><\/p>\n<\/td>\n

\n

$696<\/span><\/p>\n<\/td>\n

\n

$635<\/span><\/p>\n<\/td>\n

\n

$8,352<\/span><\/p>\n<\/td>\n

\n

$7,620<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Tampa, FL<\/span><\/p>\n<\/td>\n

\n

$242,924<\/span><\/p>\n<\/td>\n

\n

$900<\/span><\/p>\n<\/td>\n

\n

$821<\/span><\/p>\n<\/td>\n

\n

$10,800<\/span><\/p>\n<\/td>\n

\n

$9,852<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Baltimore, MD<\/span><\/p>\n<\/td>\n

\n

$302,464<\/span><\/p>\n<\/td>\n

\n

$1,121<\/span><\/p>\n<\/td>\n

\n

$1,023<\/span><\/p>\n<\/td>\n

\n

$13,452<\/span><\/p>\n<\/td>\n

\n

$12,276<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Denver, CO<\/span><\/p>\n<\/td>\n

\n

$458,600<\/span><\/p>\n<\/td>\n

\n

$1,699<\/span><\/p>\n<\/td>\n

\n

$1,551<\/span><\/p>\n<\/td>\n

\n

$20,388<\/span><\/p>\n<\/td>\n

\n

$18,612<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Pittsburgh, PA<\/span><\/p>\n<\/td>\n

\n

$167,172<\/span><\/p>\n<\/td>\n

\n

$619<\/span><\/p>\n<\/td>\n

\n

$565<\/span><\/p>\n<\/td>\n

\n

$7,428<\/span><\/p>\n<\/td>\n

\n

$6,780<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Portland, OR<\/span><\/p>\n<\/td>\n

\n

$429,608<\/span><\/p>\n<\/td>\n

\n

$1,592<\/span><\/p>\n<\/td>\n

\n

$1,453<\/span><\/p>\n<\/td>\n

\n

$19,104<\/span><\/p>\n<\/td>\n

\n

$17,436<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Charlotte, NC<\/span><\/p>\n<\/td>\n

\n

$249,960<\/span><\/p>\n<\/td>\n

\n

$926<\/span><\/p>\n<\/td>\n

\n

$845<\/span><\/p>\n<\/td>\n

\n

$11,112<\/span><\/p>\n<\/td>\n

\n

$10,140<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Sacramento, CA<\/span><\/p>\n<\/td>\n

\n

$444,733<\/span><\/p>\n<\/td>\n

\n

$1,648<\/span><\/p>\n<\/td>\n

\n

$1,504<\/span><\/p>\n<\/td>\n

\n

$19,776<\/span><\/p>\n<\/td>\n

\n

$18,048<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

San Antonio, TX<\/span><\/p>\n<\/td>\n

\n

$211,964<\/span><\/p>\n<\/td>\n

\n

$785<\/span><\/p>\n<\/td>\n

\n

$717<\/span><\/p>\n<\/td>\n

\n

$9,420<\/span><\/p>\n<\/td>\n

\n

$8,604<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Orlando, FL<\/span><\/p>\n<\/td>\n

\n

$266,005<\/span><\/p>\n<\/td>\n

\n

$986<\/span><\/p>\n<\/td>\n

\n

$899<\/span><\/p>\n<\/td>\n

\n

$11,832<\/span><\/p>\n<\/td>\n

\n

$10,788<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Cincinnati, OH<\/span><\/p>\n<\/td>\n

\n

$197,135<\/span><\/p>\n<\/td>\n

\n

$730<\/span><\/p>\n<\/td>\n

\n

$667<\/span><\/p>\n<\/td>\n

\n

$8,760<\/span><\/p>\n<\/td>\n

\n

$8,004<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Cleveland, OH<\/span><\/p>\n<\/td>\n

\n

$168,298<\/span><\/p>\n<\/td>\n

\n

$624<\/span><\/p>\n<\/td>\n

\n

$569<\/span><\/p>\n<\/td>\n

\n

$7,488<\/span><\/p>\n<\/td>\n

\n

$6,828<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Kansas City, MO<\/span><\/p>\n<\/td>\n

\n

$214,639<\/span><\/p>\n<\/td>\n

\n

$795<\/span><\/p>\n<\/td>\n

\n

$726<\/span><\/p>\n<\/td>\n

\n

$9,540<\/span><\/p>\n<\/td>\n

\n

$8,712<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Las Vegas, NV<\/span><\/p>\n<\/td>\n

\n

$302,071<\/span><\/p>\n<\/td>\n

\n

$1,119<\/span><\/p>\n<\/td>\n

\n

$1,021<\/span><\/p>\n<\/td>\n

\n

$13,428<\/span><\/p>\n<\/td>\n

\n

$12,252<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Columbus, OH<\/span><\/p>\n<\/td>\n

\n

$222,467<\/span><\/p>\n<\/td>\n

\n

$824<\/span><\/p>\n<\/td>\n

\n

$752<\/span><\/p>\n<\/td>\n

\n

$9,888<\/span><\/p>\n<\/td>\n

\n

$9,024<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Indianapolis, IN<\/span><\/p>\n<\/td>\n

\n

$192,677<\/span><\/p>\n<\/td>\n

\n

$714<\/span><\/p>\n<\/td>\n

\n

$652<\/span><\/p>\n<\/td>\n

\n

$8,568<\/span><\/p>\n<\/td>\n

\n

$7,824<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

San Jose, CA<\/span><\/p>\n<\/td>\n

\n

$1,224,366<\/span><\/p>\n<\/td>\n

\n

$4,536<\/span><\/p>\n<\/td>\n

\n

$4,140<\/span><\/p>\n<\/td>\n

\n

$54,432<\/span><\/p>\n<\/td>\n

\n

$49,680<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Austin, TX<\/span><\/p>\n<\/td>\n

\n

$357,346<\/span><\/p>\n<\/td>\n

\n

$1,324<\/span><\/p>\n<\/td>\n

\n

$1,208<\/span><\/p>\n<\/td>\n

\n

$15,888<\/span><\/p>\n<\/td>\n

\n

$14,496<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Virginia Beach, VA<\/span><\/p>\n<\/td>\n

\n

$252,041<\/span><\/p>\n<\/td>\n

\n

$934<\/span><\/p>\n<\/td>\n

\n

$852<\/span><\/p>\n<\/td>\n

\n

$11,208<\/span><\/p>\n<\/td>\n

\n

$10,224<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Nashville, TN<\/span><\/p>\n<\/td>\n

\n

$289,792<\/span><\/p>\n<\/td>\n

\n

$1,074<\/span><\/p>\n<\/td>\n

\n

$980<\/span><\/p>\n<\/td>\n

\n

$12,888<\/span><\/p>\n<\/td>\n

\n

$11,760<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Providence, RI<\/span><\/p>\n<\/td>\n

\n

$333,191<\/span><\/p>\n<\/td>\n

\n

$1,234<\/span><\/p>\n<\/td>\n

\n

$1,127<\/span><\/p>\n<\/td>\n

\n

$14,808<\/span><\/p>\n<\/td>\n

\n

$13,524<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Milwaukee, WI<\/span><\/p>\n<\/td>\n

\n

$212,166<\/span><\/p>\n<\/td>\n

\n

$786<\/span><\/p>\n<\/td>\n

\n

$717<\/span><\/p>\n<\/td>\n

\n

$9,432<\/span><\/p>\n<\/td>\n

\n

$8,604<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Jacksonville, FL<\/span><\/p>\n<\/td>\n

\n

$240,785<\/span><\/p>\n<\/td>\n

\n

$892<\/span><\/p>\n<\/td>\n

\n

$814<\/span><\/p>\n<\/td>\n

\n

$10,704<\/span><\/p>\n<\/td>\n

\n

$9,768<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Memphis, TN<\/span><\/p>\n<\/td>\n

\n

$164,254<\/span><\/p>\n<\/td>\n

\n

$609<\/span><\/p>\n<\/td>\n

\n

$555<\/span><\/p>\n<\/td>\n

\n

$7,308<\/span><\/p>\n<\/td>\n

\n

$6,660<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Oklahoma City, OK<\/span><\/p>\n<\/td>\n

\n

$165,014<\/span><\/p>\n<\/td>\n

\n

$611<\/span><\/p>\n<\/td>\n

\n

$558<\/span><\/p>\n<\/td>\n

\n

$7,332<\/span><\/p>\n<\/td>\n

\n

$6,696<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Louisville-Jefferson County, KY<\/span><\/p>\n<\/td>\n

\n

$189,706<\/span><\/p>\n<\/td>\n

\n

$703<\/span><\/p>\n<\/td>\n

\n

$641<\/span><\/p>\n<\/td>\n

\n

$8,436<\/span><\/p>\n<\/td>\n

\n

$7,692<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Hartford, CT<\/span><\/p>\n<\/td>\n

\n

$246,821<\/span><\/p>\n<\/td>\n

\n

$914<\/span><\/p>\n<\/td>\n

\n

$835<\/span><\/p>\n<\/td>\n

\n

$10,968<\/span><\/p>\n<\/td>\n

\n

$10,020<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Richmond, VA<\/span><\/p>\n<\/td>\n

\n

$256,417<\/span><\/p>\n<\/td>\n

\n

$950<\/span><\/p>\n<\/td>\n

\n

$867<\/span><\/p>\n<\/td>\n

\n

$11,400<\/span><\/p>\n<\/td>\n

\n

$10,404<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

New Orleans, LA<\/span><\/p>\n<\/td>\n

\n

$215,218<\/span><\/p>\n<\/td>\n

\n

$797<\/span><\/p>\n<\/td>\n

\n

$728<\/span><\/p>\n<\/td>\n

\n

$9,564<\/span><\/p>\n<\/td>\n

\n

$8,736<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Buffalo, NY<\/span><\/p>\n<\/td>\n

\n

$183,071<\/span><\/p>\n<\/td>\n

\n

$678<\/span><\/p>\n<\/td>\n

\n

$619<\/span><\/p>\n<\/td>\n

\n

$8,136<\/span><\/p>\n<\/td>\n

\n

$7,428<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Raleigh, NC<\/span><\/p>\n<\/td>\n

\n

$292,160<\/span><\/p>\n<\/td>\n

\n

$1,082<\/span><\/p>\n<\/td>\n

\n

$988<\/span><\/p>\n<\/td>\n

\n

$12,984<\/span><\/p>\n<\/td>\n

\n

$11,856<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Birmingham, AL<\/span><\/p>\n<\/td>\n

\n

$174,875<\/span><\/p>\n<\/td>\n

\n

$648<\/span><\/p>\n<\/td>\n

\n

$591<\/span><\/p>\n<\/td>\n

\n

$7,776<\/span><\/p>\n<\/td>\n

\n

$7,092<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Salt Lake City, UT<\/span><\/p>\n<\/td>\n

\n

$405,189<\/span><\/p>\n<\/td>\n

\n

$1,501<\/span><\/p>\n<\/td>\n

\n

$1,370<\/span><\/p>\n<\/td>\n

\n

$18,012<\/span><\/p>\n<\/td>\n

\n

$16,440<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

*Payments do not include taxes, insurance or HOA dues<\/em><\/p>\n

About Zillow<\/strong><\/p>\n

Zillow, the most visited real estate website in the U.S., is building an on-demand real estate experience. Whether selling, buying, renting or financing, customers can turn to Zillow’s businesses to find and get into their next home with speed, certainty and ease.<\/p>\n

In addition to for-sale and rental listings, Zillow Offers buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase.<\/p>\n

Millions of people visit Zillow Group sites every month to start their home search, and now they can rely on Zillow to help them finish it — with the same confidence, ease and empowerment they’ve come to expect from real estate’s most trusted brand.<\/p>\n

\n

See Campaign: <\/strong>https:\/\/www.zillow.com<\/a>
Contact Information:<\/b>
https:\/\/www.zillow.com<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Wire Real Estate<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

https:\/\/www.zillow.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\"\"Mortgage rates are holding steady near historic lows1, and homeowners who haven’t refinanced could be tossing thousands of dollars out the window. The monthly mortgage payment on the typical U.S. home, worth $256,663 in August, would be $951 before taxes or insurance with a 3.75% mortgage rate, near where rates were a year ago. But with a 3.02% rate2, … Continue reading Homeowners Could Save Thousands by Refinancing their Mortgages<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54,18],"tags":[],"class_list":["post-74718","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire","category-wire-real-estate"],"yoast_head":"\nHomeowners Could Save Thousands by Refinancing their Mortgages - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/09\/30\/homeowners-could-save-thousands-by-refinancing-their-mortgages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homeowners Could Save Thousands by Refinancing their Mortgages - Business\" \/>\n<meta property=\"og:description\" content=\"Mortgage rates are holding steady near historic lows1, and homeowners who haven’t refinanced could be tossing thousands of dollars out the window. 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