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refinance mortgage no closing costs news

What You Need to Know Before You Refinance

23.02.12

Mortgage rates are now at historic lows of just 3.87% which has some homeowners questioning if refinancing is the right option. 

Whit and Beth Clay bought their home last May. They locked in their 30-year fixed rate mortgage at 5%. 

"I couldn't believe that interest rates would go any lower than they were. I mean 5% is pretty low," Clay explained. 


Source: KTVN