Archive for February, 2009
With mortgage rates near record lows, don’t put off plans to refinance
Low mortgage rates have had lots of homeowners talking about refinancing.
The average cost of a 30-year, fixed-rate loan — the most popular way to finance a home — was 5.34% in the most recent survey of major lenders taken Feb. 11.
That’s right were mortgage costs were in mid-January, when the average rate plunged to 5.28% [...]
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