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0:51
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He Refinanced From an 8% Mortgage Rate to an Adjustable 5.1%
Michael Downs built and bought his home in rural Missouri in 2023 at an 8% mortgage rate. Rising utility bills, taxes, and insurance made his housing costs harder to manage, especially while paying off $16,000 in debt through a nonprofit credit counseling agency. He recently refinanced into an adjustable rate of 5.1%, lowering his monthly ...
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