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5 tips for refinancing a mortgage today

Worries of the “double-dip” economic downturn and also the probability of the increasing European debt crisis have got reduced U.S. mortgage rates to ranges never observed in over half a century.

A 30-year fixed-rate mortgages continued to drop in September, getting just a tick more than 4%. This is the minimum level in almost 6 decades, as stated by Freddie Mac, a home-loan giant.

Although rates recurring a little this month, professionals say it is a good time for qualified homeowners to remortgage.

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