I think we are at the end of the refinancing bloom, unless homeowners that underwater can refi. However, I don't see that happening and I don't see tax payers going out on a limb for that.
Read it allThat’s true even if you’re a borrower who secured a 5% mortgage rate on a 30-year fixed-rate mortgage last year. Assuming a loan balance of $200,000, if you could refinance into a 4.25% mortgage today, the savings would be about $100 a month, McBride said. It could take about three and a half years to recoup the costs of the refinance, but those who bought in 2009 presumably would plan on staying in the home long enough for the refi to pay off, he said
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