Your Money: Oct. 12, 1998

HOW LOW CAN RATES GO?

Mortgage rates recently hit 30-year lows, and the Fed's interest-rate cut last week helped push the average 30-year fixed rate down to 6.6%. Loans may get cheaper still, but don't wait before refinancing: many lenders now charge no points or fees. If you're likely to move (as the average American does every 12 years), you can save with a hybrid loan that's fixed for three to 10 years, and then adjusts.

SCHOOL PAYS FOR ITSELF

Students looking for help paying off federal loans after graduation may want to head back to school--to teach. Under the education...

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