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Released: June 12, 2011
Changes in Refinancing
Source: MaryAnn Haggerty - New York Times
Refinancing your mortgage now is different from the last time you did it. Two-thirds of mortgages being written these days are refi’s, according to the Mortgage Bankers Association. Assuming your credit scores are strong, deciding whether to jump in as well may be a matter of numbers; there are plenty of Web calculators to test the what-ifs, like the ones at HSH.com. Interest rates are teasing new lows, at 4.49 percent, on average, as of Thursday for a 30-year fixed-rate loan, according to Freddie Mac.Read Full Article: Changes in Refinancing
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