Wednesday, July 6, 2016

Mortgage refis boom with rates near record lows

The 30-year, fixed-rate mortgage fell this week to just above its all-time lowest level. And people already are taking advantage, flooding mortgage companies with refinance applications. The benchmark 30-year fixed averaged 3.52% this week. The record low is 3.5%, set in December 2012. I'm betting that it will go even lower. At the same time,

from Bankrate.com » Mortgages http://ift.tt/29jQ8es

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