Mortgage rates have fallen again, and homeowners are jumping aboard the refinancing train. For home loans of $484,000 or less, the 30-year fixed-rate average dropped to 3.93 percent, according to CNN, citing the Mortgage Bankers Association. On bigger mortgages and on 15-year loans, rates were even lower. The drop triggered a 37 percent increase from the week before on home refinancings; it was almost triple the amount compared to one year ago. But the shift […]
source https://therealdeal.com/national/2019/08/14/high-and-low-home-refinancing-spikes-as-mortgage-rates-drop-below-4/#new_tab
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