30-year mortgage refinance rates plunge three quarters of a point

Source: Fox Business — 

What this means: Mortgage refinance rates fell significantly today, with 30-year rates hitting their lowest levels in 34 days. Rates for 20-, 15- and 10-year refinances are also at their lowest levels since the beginning of the month. With the predictions that the Federal Reserve’s Federal Open Market Committee could aggressively raise the federal funds rate again this week, homeowners looking for a low refinance rate may want to lock one in today.