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The Effect of Mortgage Refinancing on Money Demand and the Monetary Aggregates  Form

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in 2020 so many people refinance their mortgages including us we refinanced our mortgage in spring 2020. it was a great option for us it removed pmi it switched us from fha to a conventional loan it dropped our interest rate from 3.625 to 2.75 and it also changed our repayment plan from a 30 year to a 15 year cutting off about 12 years automatically from the mortgage repayment plan it's been really exciting to see so many people in my audience refinance as well and today we're going to go over someone that refinanced and sent in their paperwork they had a 300 000 loan and they refinanced it so we're going to go over all of the closing costs on the refinance so if you are refinancing and kind of in that price range you'll get to see what you might expect from a refinance this was a few months ago so rates may be different now and rates are always changing right now but they are still at historic lows and it is a very good time to refinance if it's something that's been on your to-do lis

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