Still-low mortgage rates ushering new refi wave

Mortgage interest rates have remained low for so long, lenders and borrowers alike have been expecting rates would only creep higher. Instead, they’ve tested record lows. Since Britain’s vote last month to exit the European Union rattled financial markets, average long-term mortgage rates have dipped tantalizingly close to their all-time low of 3.31 percent set in November 2012.

Still-low mortgage rates ushering new refi wave

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