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Mortgage rates at historic lows, but it's harder to refinance

July 11, 2012

Valeria and Milos Coric bought a home in Lincolnshire in 2002 and paid the monthly mortgage regularly. That devotion helped to build equity for them and stability for their two children. So when mortgage rates dropped to historic lows, they were eager to refinance, despite seeing the value of their home drop from $522,000 to around $500,000. But others can't take advantage of the low rates. A...

Source: http://dailyherald.com/article/20120711/news/707119943/
 
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