"Just about
everybody who could take advantage of refinancing already
has refinanced," the Mortgage Bankers Association chief economist
Douglas Duncan declared this week. That's the conventional wisdom in the
mortgage industry. But the MBA says 75.7 percent of mortgage applicants
last week were homeowners who wanted to refinance their mortgages.
It's no secret that refinancing a mortgage,
or any loan, can be one of the easiest ways to start saving money. With interest rates
lower than they have been in over 40 years you can save more than ever before.
Don't wait for interest rates to climb back up.
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