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June 21, 2012

Money, Money, Money

From CNNMoney
Mortgage rates sink to new record low
The 30-year fixed-rate mortgage dropped to an average of 3.67 percent this week, according to Freddie Mac.

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From The New York Times

Shortening loan terms
Almost a third of those who refinanced in the first quarter cut the duration of their mortgages to 15 or 20 years from 30, according to a recent refinancing report by Freddie Mac.

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