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Housing/Mortgage Trends In Spring 2013

Sunday, May 5, 2013 - 4:42 PM
From Boston.com/Banrate.com:

http://www.bankrate.com/finance/m...ends-1.asp

One aspect is the profit/savings in refinancing.  With mortgage rates come to new low repeatedly, it is a profitable strategy to refinance one's mortgage numerous times.  With the no-point no-closing cost loans, one can profit from mortage refinancing when rate is 0.25% lower than the current rate.  The strategy is to identify a mortage broker who are familiar with one's financial situation and alow him/her to alert one when rate drops and lock in the new rate on real time.  I know people who are doing refinance every 2-3 months (for free) and catch rate at the very bottom each time.
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51hh51hh1,460 posts since
Jan 16, 2010
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