WASHINGTON -- Refinancing homeowners - moving to lock in the lowest rates in a generation for as long as possible - are choosing 30-year, fixed-rate mortgages more than at any time since early 1991, a study shows.

In the third quarter of this year, 53% of refinancing homeowners with 30-year mortgages elected to stay with that product, up from 43% in the same period last year, according to the Federal Home Loan Mortgage Corp.

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