Lower rates spark refinancing mortgage boom
Anderson, a retired engineer with a little more than $120,000 left on his mortgage for his Lakewood home that has been appraised for $350,000, got his wish late last week and exchanged his old rate of 6.375 percent for the new 30-year fixed loan of 4.75 percent. http://www.rockymountainnews.com/news/2008/dec/18/lower-rates-spark-refinancing-mortgage-boom/
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