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Web Extra: Is Now the Time to Refinance?

Tuesday, 21 Oct 2008 | 9:27 PM ET
OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra.

Q. We have a $220,000 loan with $100,000 left on our mortgage. We have some excess money and are planning on living here for longer than we originally anticipated. Is now the time to refinance to a more stable interest rate?

A. Watch the video to see Carmen’s answer.

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