Regular followers of this blog know by now that I am a bit of a nerd when it comes to charts. I love charts, because they tell a story in a picture – at least they should when they are employed properly.
And, we have all been hearing that “Rates are at Historic Lows!!!“. But what does that mean?
Here’s what it means – feast your eyes on this:
Now that you have enjoyed this sight, a simple and quick interpretation for you is:
If you currently have a mortgage with a rate of 5.25% or higher, then you can benefit by refinancing right now, and drop your rate by a full point or more. Call me, and let’s run some numbers and see if it makes sense for you.
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