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My first 30-year fixed mortgage was for $200,000 at 6.25%. After locking in my rate, I noticed that another bank was offering the same loan
My first 30-year fixed mortgage was for $200,000 at 6.25%. After locking in my rate, I noticed that another bank was offering the same loan for 6%, a difference of only 1/4 of a percent. If I had locked in at that lower rate, by how much would my monthly payments have gone down?
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