More than 2 million homeowners just missed their chance to save money by refinancing
November 05, 2018 at 12:01 PM EST
Rising interest rates have cut the number of borrowers who could have benefited from a refinance. Since 2016, 5.9 million borrowers who could have lowered their monthly payment by more than $250, didn't apply. As rates continue to rise, fewer and fewer borrower will be able to see any savings.