These States Have the Lowest Mortgage Refinance Rates

Over the past year, mortgage interest rates have dropped more than 1 percentage point, creating a rush to refinance. But homeowners in some states are having better luck at refinancing their mortgage and locking in a lower monthly payment on their mortgage.
Overall, about 75% of mortgage refinance applications are approved nationally.
Home value appreciation and credit scores matter most when it comes to refinance approvals, researchers at LendingTree note. They analyzed more than 10 million mortgage refinance approvals by state and compared those rates to home-price appreciation and average credit scores.
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