Source: E. Scott Reckard - The L.A. Times

The latest frenzy of mortgage refinancings has benefited millions of Americans who have been responsible or lucky enough to qualify for 30-year fixed-rate home loans below 4%. Home lending professionals have some bad news, though, for many of these homeowners: They could have done much better had they shopped for the best rate instead of grabbing the first refi pitched to them.

Read Full Article: Refinancing deals for homeowners vary widely