Mortgage Rate Gap Between New and Existing Loans Largest in 25 Years
Filed under Clothing Gap Personal Finance
The difference between new mortgage loan rates and the average existing mortgage is now more than 3%. According to the NY Times article A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up (gift article), this is worth the equivalent of $50,000 or $500 a month if they bought their same value […]