With interest rates at their lowest in decades, it's a good time to refinance -- if you can handle the headache of shopping around for the best deal and gathering all the necessary documents. The interest rate on a 30-year fixed mortgage for $417,000 or less is hovering around 4.5 percent, and the rate on a five-year adjustable loan is at about 3.8 percent, according to Freddie Mac. For deals, check with several lenders, including credit unions, local and community banks and online mortgage brokers.
Mary Altaffer, Associated Press
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