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zero rates, Stocks undertain so. CASH IN REFI!

Started by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://www.freddiemac.com/news/archives/rates/2011/1qupb11.html In the first quarter of 2011, 3-out-of-4 homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table. Fifty-four percent maintained about the same loan amount, the highest share since 1985, when Freddie Mac began keeping records on refinancing patterns. In addition, 21 percent of refinancing homeowners reduced their principal balance.
Response by Riversider
almost 15 years ago
Posts: 13573
Member since: Apr 2009

I'm surprised there isn't more of this. What's the point of refinancing if you can't invest the money. These guys are smart. Deleveraging, reducing their monthly interest rate and reducing their monthly payment.

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