Refinancing in Q309 Saves Borrowers $3bn in 12 Months:
Freddie

Half of all borrowers that refinanced their conventional loans in Q309 saw their annual mortgage interest rate drop by at least 17%, according to a quarterly report by mortgage giant Freddie Mac (FRE: 1.15 0.00%).Although the new interest rate was only about 1.1 percentage points below the old rate, in aggregate the interest rate reduction [...]

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