Your Money: Jun. 29, 1998

Refinance Your Mortgage

Now's a good time to shop for a cheaper mortgage. Last week the yield on the 30-year Treasury bond, a benchmark for the industry, dropped to an all-time low of 5.58%. Experts, who predict that the good news for homeowners will continue in coming months, say most borrowers are opting for 30-year fixed loans, now averaging 6.94%.

Social Security Warning

Three reform plans that would partly privatize Social Security would result in lower benefits for today's workers, a congressional study reported last week. Though the study, commissioned by Representative Charles Rangel, a New York Democrat, does not claim...

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