Federal Programs Save Borrowers Over $2 Billion
Posted on September 16, 2009
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A report from First American CoreLogic looked at the impact of government refinance programs and interest rate cuts by the Federal Reserve on U.S. borrowers. Borrowers who refinanced from January through June are projected to save $2.3 billion in payments, according to the report. The estimated median monthly savings from those refinance transactions is $120.
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