Low mortgage rates aren't producing a boom in refinancing anymore, probably because the cost of getting a home loan has been so low for so long, according to lenders in the Tulsa area.
"Most people have already refinanced, though we always have a certain level of refinancing."
This week, the average 30-year, fixed-rate home loan is going for 4.98 percent, down a fraction from 4.99 percent last week, mortgage company Freddie Mac reported.