New York, NY, April 19, 2007 --(PR.com
)-- Today has seen the launch of a new blog for “Saving with Mortgage Refinancing”. There has been a recent Surge in Mortgage Refinancing Applications as reported by the Mortgage Brokers Association. Although the Fed has continued to boost short term rates, long-term rates remain at historic lows, pushing home sales to record levels and creating new opportunities for refinancing.
Thousands of dollars can be saved by correctly refinancing your mortgage in either reducing your monthly repayments or making available cash from the equity in your home. When choosing to refinance your mortgage, especially for first timers, it is important to get the most savings possible. This requires special knowledge and guidance.
At the time of writing, interest rates are among the lowest they have ever been since the 1960’s allowing many individuals to qualify for refinancing a loan. This is great for many consumers giving you the opportunity to save thousands of dollars when refinancing your mortgage.
"No one expected rates to be this low right now and no one can predict how long it will last. Using history as our guide, rates rise faster than they fall," said Bob Walters, chief economist at Quicken Loans.
"Many consumers have taken advantage of the opportunity to refinance out of short term adjustable rate mortgages and into low, longer term fixed rate mortgages," he said.
The newly launched Save with Mortgage Refinacing blog provides important and strategic information to potential refinancers. In particular is covers the most esssential elements that must not be overlooked when refinancing your mortgage, including penalty payouts, interest rates, hidden fees and charges and much more.
To learn more, please visit the website: