The super low mortgage rates of 2012 have not only made it much easier for home buyers to take the plunge into homeownership, but they’ve also had an unexpected but not surprising effect on the increase of ‘Serial Refinancing’. Homeowners who bought before 1999 are able to sometimes cut their rate and/or loan term in half with these historic rates and many homeowners refinanced last year into a 4.5% only to do so again this year when rates his 3.5%. Read more at http://www.ncbr.com/article/20121005/EDITION/121009940
