Nearly 5 million homeowners can now save money on their mortgages

That is a nearly 50 percent increase in the size of that population in a single week. On a $300,000 mortgage, a refinance from 4.81 percent to 4.06 percent would save the homeowner about $133 per month.

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Nearly 5 Million Homeowners Can Now Save Money On Their Mortgages. A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages.. That is a nearly 50 percent increase in the size of that population in a single week.

"We are at a time where people can really take advantage. "That is money in their pocket." Foreclosures and defaults continue to break records. A record 5.4 million American homeowners with a.

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Under the terms of the loan, Rayford can. their homes or cover tax and insurance payments in the future. Some homeowners used the funds to pay off the original mortgages or ran out of money after.

Michigan ranks among the top five states in the country with eligible homeowners who could tap into a money-saving federal program offering refinancing relief. Now is the time to make a move.

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The recent drop in rates means that 5.9 million people can potentially save money by refinancing their existing home loans and securing a lower rate — two million more than last month, according.

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 · Secrets and Lies of the Bailout The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme.