With Mortgage Rates So Low, Is Now the Time to Refinance Your Home Loan?

Mortgage interest rates are nearing a 50-year low. Last month, existing home sales jumped 7.6 percent. The median home price is also up 4 percent over a year ago. So, what does this mean for people who are looking to buy and those who already own a home? Mellody Hobson, president of Ariel Investments and "Good Morning America" personal finance contributor, appeared on the show to talk about what all this means for you: Q: What factors are behind the big jump in sales of existing homes? A:...Full Story
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