refinance home mortgage
As mortgage rates slide, refinancing applications take off
January 5, 2009 by Mortgage Align · Leave a Comment
Steve Brown from The Dallas Morning News wrote a great article on mortgage refinance rates. With some of lowest rates available, now is a better time than ever to refinance your mortgage:
As home mortgage rates have fallen to their lowest point since the 1960s, the cost of financing a home has fallen more than a full percentage point since this time last year.
The drop results in savings of more than $100 a month on payments for a $150,000 loan.
No wonder applications to refinance homes have jumped more than 500 percent nationwide since October.
