Plunging Mortgage Refinancing Rates Aid Thrifty

Mortgage rates are now going down, with an interest rate that "would be considered stealing" in any other era. The frugal population is reaping the benefits. One couple just refinanced their home and are now saving $300 a month. Many economists expect this trend to continue as the economy is bolstered. People with less worthy credit are now being able to benefit from these low mortgage rates, when before it was only for the credit elite. Another couple had a problem with their escrow account and had to put a home equity loan on their old apartment to help cover the mortgage for their home, but since the rates have been dropping, they've been told the mortgage payment should drop by $1,000 a month.