Should I (Can I) Refinance My Mortgage?
Saturday, September 24, 2011
San Diego Union-Tribune -- Dan Fox and his wife, Mildred, have refinanced their mortgage not once, not twice or even three times, but four times since they bought their home in North Park three years ago. The financial decision was an obvious one because Dan Fox’s pay was cut and mortgage rates, now at all-time lows, kept tumbling.
...“We still have a weak labor market,” said Mark Riedy, executive director of the real estate center at the University of San Diego. “I don’t see a flurry of refinancing because those who can’t (refinance) can’t, and those who can, they’re refinancing over and over again.” (Full Story)