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To refinance, or not to refinance? That is the question

With interest rates averaging about 4 percent on a 30-year fixed mortgage, some homeowners are wondering whether it's the last call to refinance before rates climb higher.

Experts like Jonathan Corr, CEO of Ellie Mae, a provider of on-demand mortgage software and services in Pleasanton, California, anticipate fixed rates will go up from 4.2 percent to 4.5-4.6 percent by year end.

But whether it makes sense to refi depends on several factors.

- Race to refinance?

Don't let

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