Homeowners are rushing to refinance their mortgages after rates finally dropped
CNN, POOL By Bryan Mena, CNN Washington (CNN) — The standard, 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from the prior week’s level, Freddie Mac reported Thursday. But that’s still well below this year’s peak and the two-decade high last fall — and that appears to be enough to entice homeowners to refinance.
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