Mortgage Refinancing in a Difficult Housing Climate

As the sub-prime mortgage market continues to implode, now many be a great time to consider mortgage refinancing.  Indeed, a great many houses have gone on the market with little hope of selling in a timely manner.  This is causing interest rates to slowly dive to the point where hundreds of dollars in interest payments may be saved annually in formerly hot markets such as Atlanta and San Francisco.

Generally, the theory behind mortgage
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