A new study claims more than 58,000 Connecticut residents are not availing themselves of mortgage refinancing. Doing so could save them a combined $17.6 million a month.
The study by NerdWallet, based on research from Black Knight’s January Mortgage Monitor report, said Connecticut residents could save on average $301 per month through refinancing.
The study also found smaller states such as Connecticut, Hawaii and Massachusetts, as well as Washington, D.C., all made the top 10 for average potential savings per homeowner, with Hawaii topping the list at $437. This likely stems from higher real estate prices.
Nationwide, about 6.68 million homeowners could collectively save a total of $20 billion annually.
