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Four Myths About Refinancing to Be Beware Of
Refinancing will cost you equity. Homeowners refinance for one of two reasons: to lower the interest rate on their mortgages which will result in lower monthly payments or to convert equity in their home into cash. Homeowners can lose a small amount of
Mortgage rate increases dampen refinancing
and that's leading some new-home buyers to speed up their purchases, while discouraging homeowners from refinancing existing mortgages. While mortgage applications for home purchases were essentially flat during the week ended Nov. 25 from the week earlier