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Does It Make Sense To Refinance With Rates So Low?

18.05.12

Mortgage rates are even lower than they were a year ago, falling to an average of 4% from 5%, and has people questioning whether they should take the plunge – even take the plunge again. Experts advise considering the breakeven period in which a lower rate will save money, noting that one of the biggest deciding factors should be the odds on how long a homeowner will stay in the home. Homeowners are urged to use a “Refinance Breakeven Calculator” to determine this point. Other factors include considering what tax rates will be in the future, and whether mortgage rates could fall even further in the near term. For more on this continue reading the following article from TheStreet .
Source: NuWire Investor

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