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Loan Modification

: Mortgage Lender Implode-o-Meter

24 million homeowners had mortgage rates above 6% last year

By Implode-Explode Heavy Industries

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"Per the forthcoming report, 24.1 million first mortgages had associated interest rates above six percent. And only 6.2 million first mortgages had rates under five percent, despite mortgage rates currently being at record lows (4.42% for a 30-year fixed).

Full post as published by Mortgage Lender Implode-o-Meter on August 20, 2010 (boomark / email).

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