More Borrowers Refinance into 15 Year Mortgages
In recent months with mortgage rates at historic lows, many more homeowners are considering the possibility of refinancing into a 15 year mortgage as opposed to staying with a 30 year mortgage. According to the Wall Street Journal, the current spread between the rate on a 30 year mortgage (3.53%) and a 15 year mortgage … More More Borrowers Refinance into 15 Year Mortgages