Why would a bank offer refinancing at a lower interest? Is any money saved at all, or is it just paid on a different timeline?
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I’m glad this thread popped up. I have a home I would like to purchase soon with plans to refinance once the interest rates finally settle down again. I’m calling a couple different banks, including my own. What I don’t get is if they HAVE to go with what the fed has as the interest rate standard. I’ve been pre-approved by both banks but I won’t know my interest rate until we move forward…
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