11 ways to save money now

Rates on standard 30-year fixed loans are at or just below 5%, about the lowest they've been in decades. So if you're paying more than 6% on your loan - or have an adjustable-rate mortgage - and plan to stay in your home for at least a few more years, look into refinancing.

There are restrictions. Your new loan can't be greater than $417,000. In pricey markets like New York City, that figure goes up to $729,750. Rates on larger jumbo mortgages are a stiffer 6.4%.

Also, lenders are shifting back toward old standards. Your monthly mortgage, insurance, and taxes shouldn't eat up more than 31% of your monthly income, nor should your total monthly debt payments exceed 43%.

Before you forge ahead, make sure refinancing is worth it. Use the refinance calculator to run through your figures.

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