The Wall Street Journal reported over 50% of the fixed rate mortgages were at 5.75% or higher.
The recent issues with Europe especially, China, and Japans debt has caused a flight to quality which had driven MBS (Mortgage Backed Securities) bonds to amazing heights= LOW INTEREST RATES!
The opportunity might exist to potentially save over $100,000.00 in interest paid re-financing while rates are still low. The actual savings will vary on loan term, loan amount but this could have a major impact in your life.
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