Apply for interest-rate protection; The refinance itch
June 29th, 2009
John and Jennifer Viner bought a home last August for $350,000 with a fixed-rate mortgage at 5.25%. A few months later, interest rates plummeted, hovering at a 50-year low.
The Viners, like many homeowners, started kicking themselves. And now that those low rates are starting to rebound — big banks have already announced hikes in interest [...]
Source:Apply for interest-rate protection; The refinance itch