Associated Press - Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance. Mortgage rates are inching closer to a record low.
The window of opportunity may close soon. Home loan rates will rise if investors grow more confident and shift money out of the safety of government bonds, which influence mortgage rates.
Remember when looking to refinance your current mortgage(s), refinancing isn't right for everyone who qualifies. It typically costs several thousand dollars in fees. Experts suggest calculating how long it will take to recover those fees with the lower loan rate.
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