Money Mondays: Refinancing your mortgage

Local

OKLAHOMA CITY (KFOR) – Homeowners are rushing to refinance their homes while rates are still near historic lows.

Some folks are saving hundreds of dollars each month, while others are chopping years off of their mortgages by converting to a 15-year term.

It’s a great deal for most homeowners, but who benefits, where do you start, and when will interest rates rise again?

First National Bank and Trust Exec. Vice President James Boggs answers our questions.

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