Figuring out right time to refinance; It could take years to recoup charges after switching to lower rate on loan

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refinance loan rates: Figuring out right time to refinance It could take years to recoup charges after switching to lower rate on loan Q: How do I know when I should refinance my current mortgage? A: It used to be said that you should refinance when mortgage rates are 2 percentage points lower than the rate that you currently have on your loan. Refinancing might be a viable option even if the interest rate difference is less than Publication: Chicago Sun - Times

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