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Despite high interest rates, homeowners in these major metro areas are applying for refinancing. fizkes / Shutterstock.com
Editor’s Note: This story originally appeared on Construction Coverage. As mortgage interest rates continue to climb, mortgage refinancing applications remain in decline after refinancing exploded in 2020 and 2021 during the coronavirus pandemic. Most commonly, mortgage refinancing allows a homeowner to replace their existing loan with a new loan at a lower interest rate or different term…
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