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Source: MSN

As mortgage rates remain low, refinancing your mortgage can be a good way to reduce your monthly expenses or accelerate your savings.

With current rates near the all-time low, refinancing your home loan now can help you save thousands over the course of a year and tens of thousands over the life of the loan. Homeowners who refinanced in 2020, their mortgage saved an average of $2,800 per year, according to Freddie Mac.