Record low mortgage rates toss housing a lifeline (Reuters)

Posted by admin in Friday, December 19th 2008   under: Uncategorized    Tags: , , , , , , , , , , ,    

A view of a neighborhood in the town of Superior, Colorado, a Denver suburb February 27, 2006. (Rick Wilking/Reuters)Reuters - With the $500 of monthly savings Jim Hennessy of San Diego gained by cutting the rate on his $417,000 mortgage, he plans to rebuild his beaten-up retirement account and maybe even take a cruise.

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