It would probably be an overstatement to say refi-hungry mortgage borrowers are stampeding Macon Bank in Franklin, North Carolina.

But after the Federal Reserve lowered interest rates late last year to uncharted levels that begged for someone...or anyone...to lend or borrow, homeowners seeking lower monthly mortgage payments resulting from a 30-year rate approaching 5 percent have suddenly rediscovered their mortgage lenders' bookmarked Websites.

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