What you need to know about refinancing your home

Mortgage rates are at their highest levels since October 2014. A 30-year fixed rate loan now averages 4.2 percent. About 56 percent of mortgage applicants are homeowners looking to refinance. In this installement of our "Eye on Money" series, CBS News business analyst Jill Scheslinger joins "CBS This Morning" with some important reminders if you're thinking about a new mortgage.

• #news_politics
• #video
• #cbs
• #news
• #home
• #refinancing
• #mortgage
• #rates