Should you refinance your mortgage? Fever sweeps U.S.

The continuing drop in interest rates has made homes more affordable, but it has increased mortgage refinancing even more, according to the Mortgage Bankers Association. / BLOOMBERG NEWS FILE PHOTO/MIKE MERGEN
The continuing drop in interest rates has made homes more affordable, but it has increased mortgage refinancing even more, according to the Mortgage Bankers Association. / BLOOMBERG NEWS FILE PHOTO/MIKE MERGEN
NEW YORK – Suddenly, mortgage broker Mark Livingstone is working weekends and spending his meager free time reading resumes, because he needs help handling the crush of refinancing applications. Rates for 30-year mortgages are near their lowest since late 2016, sending many previously hesitant homeowners to their brokers. Under normal circumstances, new-home purchases make up 70%…

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