Rates are 7% for a 15-year fixed mortgage and 7.5% for a 30- year fixed...

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Rates are 7% for a 15-year fixed mortgage and 7.5% for a 30- year fixed mortar They are in a 31% federal income tax bracket and a 6% srare income max backit Any refinancing will micur 3% of the mortgage as a closing cost which will not be financed

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