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October 2017 Archives

What do I need to know about refinancing?

The good news for homeowners in New Jersey is that home prices are up 5 percent in the past year. Mortgage interest rates are still reasonable, as well. As of the time of this writing, a 15 year home loan, which is popular for homeowners looking to refinance, is being offered at around a 3.13 percent interest rate (your specific rate may vary and is subject to change). If you are a homeowner, therefore, you may be wondering if refinancing is right for you.