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Since Mortgage Rates Are So Low, Is Now The Best Time to Refinance?

With the almost inevitable likelihood that mortgage rates will rise again shortly, there is no better time than now to refinance your mortgage. Mortgage rates will move up and down according to the funds rate of the Federal Reserve Bank of New York. Once the yield on ten year bonds moves, so will the mortgage rates. That is why refinancing now may be the best time ever to get the best rate possible on your mortgage.

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