Obama tells homeowners to refinance. So why is he paying 5.6%?
Obama tells homeowners to refinance. So why is he paying 5.6%?
"Not to get too personal, but our home back in Chicago — not the White House, which, as I said, that's a rental — our home back in Chicago, my mortgage interest rate, I would probably benefit from refinancing right now. I would save some money …
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How to Refinance Your Home With FHA Mortgage Rates
With a refinance, homeowners can restructure their mortgage to take advantage of low FHA mortgage rates, and might also be able to factor in any equity their home has accrued to lower their PMI payments. An FHA refinance can significantly lower monthly …
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