Find Secret Tips Leading Mortgage Refinance Companies Encourage
Real-World Examples and Data
According to a recent survey, homeowners who refinanced their mortgage in 2022 saved an average of $2,700 annually due to lower interest rates1. This highlights the potential financial benefits of refinancing, especially in a favorable market. Furthermore, data from the Federal Reserve indicates that the average interest rate on a 30-year fixed mortgage dropped to 3.00% in early 2023, compared to 3.75% in 2020, showcasing opportunities for homeowners to reduce their mortgage costs2.