For anyone who didn't refinance when rates were super low earlier this year, now might be the chance. The Mortgage Bankers Association says last week the average rate for 30 year fixed rate loans was 4.97 percent. Mortgage applications have jumped 50 percent from where they were early this summer.
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Full story at http://www.npr.org/templates/story/story.php?storyId=113265269&ft=1&f=1006
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