News 477 Popularity Home Refinancing Increases Nationawide Washington Times

America has long been thought of as a spendthrift nation. We like our "stuff" whether we can afford it or not. That's why God invented credit cards right? Such has been the thought process of Americans for so long that debt no longer carries the weight it once did. Wealthy Americans and middle-class Americans alike max out credit cards to keep up with the rising cost of living and extend mortgages in order to pay the bills. One recent trend calls those who refinance their homes more than once a year to take advantage of booming real estate markets and lowering mortgage rates "refi junkies." These repeat refinancers leverage their homes to afford extra luxuries like cars or vacations or even to add a little extra income. With mortgage rates expected to rise this year, will the refi junkies have to seek refi rehab?

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Owing money loses stigma for rich, poor alike in US - Washington Times ... Mortgage brokers there joke about the millions of " refi junkies" who refinance their homes several times a year to take advantage of soaring home prices and ...