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Story summary
- The Federal Reserve's meeting to discuss interest rates prompts homebuyers and homeowners to lock in mortgage rates now.
- The average 30-year mortgage rate is 6.12%, and the 15-year rate is 5.62%.
- Refinancing may benefit only a small number of homeowners, although options remain viable despite being imperfect.
- Rates could rise soon, so acting now could prevent higher costs later.
