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There are a few types of borrowers who could benefit from refinancing their mortgages right now. Getty Images
While rates have been cooling, today’s high-rate environment has made it challenging for homeowners to refinance their mortgage loans. With average mortgage interest rates ranging from 6.08% to 7.79% in 2023 and 2024, many held onto their existing loans to avoid higher monthly payments.
But the outlook is getting brighter.
4 types of borrowers that should refinance their mortgage loans now, experts say
