Nearly one-third of borrowers with 30-year fixed-rate mortgages from 2023-2025 could save an average of $2,320 annually by refinancing at the 6.37% rate seen in early April 2026. If rates drop to 6.00%, 56.6% could benefit. Savings and refinancing potential vary widely by state, with some states offering over three times the monthly savings of others. Refinancing costs and individual circumstances should be considered.


