Tuesday 19 June 2018
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7 months ago

Americans Lost Billions of Dollars by Neglecting Refinance Options, Study


A study published in the Journal of Financial Economics found that American homeowners could have had saved as much as $5.4 billion in their mortgages — if not for their failure to refinance. Jaren Pope, a Brigham Young University economics professor and the co-author of the study, said that 20% of homeowners failed to take advantage of dropping interest rates by refinancing.

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