Long-Term Rates Plummet, Sparks Refinance Wave

Long-Term Rates Plummet, Sparks Refinance Wave

The Federal Reserve kept short-term interest rates the same last week as long-term mortgage rates saw a significant drop. Homeowners have a huge opportunity to take advantage of those low long-term rates, especially homeowners who have a rate higher than 6.5 percent and those who have an adjustable mortgage that is about to adjust.

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