Record low finds few in a position to buy, but 8 out of 10 loans go to homeowners grabbing payments half the size of a generation ago.
More people are refinancing into short-term loans. Is this right for you?
Consumers stay on the sidelines, expecting rates to remain low and housing prices to fall further.
The economy here and abroad will determine the fate of interest rates. With rates near 4.5%, it may be time to consider refinancing.
About 180,000 would-be buyers won't meet the June 30 deadline for a tax credit. But some may end up with a better deal.
But economic uncertainty is keeping many Americans from taking advantage of the best loan rates in their lifetimes.
Few Americans can take advantage of near-record rates. But down-payment requirements for purchases may be easing.
You could actually pay more in total interest under a refi than you would just sticking with your original loan.
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