Episode-127- Refinance My Mortgage To Save Money

Tony Teolis/ September 30, 2012/ Preparedness/ 0 comments

I need to refinance my mortgage. Interest rates are artificially kept low by the Federal Reserve with the belief that cheap loans will result in more loans being made and more loans means more of everything. This is what caused the housing bubble in the first place. Now that the Fed is going to buy $40 billion in

mortgage backed securities each and every month from banks who issue them you can count on another failure. In the meantime I’ve taken advantage of these piss poor policies while I can because interest rates will rise again and it won’t be pretty.

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