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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (82061)	10/25/2011 1:43:55 PM
From: Snowshoe	Read Replies (2) \| Respond to of 218168

>>The vast majority of mortgages are not underwater<< True - only about 25% are underwater... Low mortgage rates elude 'underwater' homeowners finance.yahoo.com One in four homeowners with a mortgage -- 11 million people -- owe more than their home is worth. These "underwater" borrowers have virtually no shot at refinancing. ***** Underwater homeowners are paying an average 30-year fixed mortgage rate of 5.7 percent, according to an analysis of mortgage data by CoreLogic and The Associated Press. That compares with today's average rate of 4.11 percent on a 30-year fixed mortgage. For a homeowner with a $250,000 mortgage, the lower rate would save more than $200 a month.