19.4 Million Homeowners Could Cut Their Mortgage Payment by $309 per Month on Average

Image source: Getty Images.

While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. We're on your side, always. See our full advertiser disclosure here.

The average interest rate on home mortgage loans fell to another record low last week, hitting the lowest level in close to 50 years of tracking. As mortgage rates have continued to drop, the number of people who could benefit from refinancing has increased.

Source Fool.com