How to refinance your mortgage

Laurel Walmsley, an NPR personal finance correspondent, dives into the world of mortgage refinancing. With recent drops in mortgage rates, she discusses how many homeowners could save hundreds monthly. Listeners learn the essentials of evaluating refinancing options, including potential costs and savings. Walmsley emphasizes the importance of comparing lender quotes and using online tools. She also highlights strategies to maximize benefits, especially for low to moderate income homeowners, making refinancing a smart financial move.