Americans' Costly Failure to Refinance

Too many people fail to refinance their home mortgages even when they stand to save many thousands of dollars, new research confirms. Banks could do something about that. 
Refinance and save.

Suppose you learned that during the recent recession the national government adopted a policy that cost American homeowners $5.4 billion. Or that the nation's banks adopted a policy that had exactly the same effect. You'd probably be outraged. Fortunately, that didn't quite happen, but something similar did. Whether or not it's outrageous, we should do something about it.

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