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Everyone who could refinance, has refinanced

by Rob Regan on January 31, 2013

According to this article at CNBC, if you haven’t refinanced in the past couple of years, you’re a rarity. They’re calling the end of the refinance boom “the Refi Apocalypse”. Many adjustable rate mortgage (ARM’s) holders are the exception, but that only accounts for 12% of mortgages. ARM holders are likely reevaluating their situation on a weekly basis wondering when or if they should lock in a fixed rate. The Fed says that won’t be necessary for one, two, three or four more years.

Your lender friends will likely have a lot of free time on her hands, so if you haven’t refinanced, they’ll be happy to take your call now.

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