Newspaper article from our research archive:

Low interest rates spark jump in home mortgage refinancing

With interest rates at the lowest levels in decades, Mike and Sue Klauke of Holmen, Wis., are refinancing their home mortgage for the second time in a year.

"We're like the king of refinancers," Mike joked last week.

"Looking at it from a financial standpoint, it just made sense" to refinance a second time, said Klauke, who also owns Klauke Financial and Insurance Services in Onalaska. "Over 15 years, we'll have substantial savings" because of the lower interest rate.

The Klaukes built their home four years ago, when they obtained a 15-year mortgage at an annual interest rate of just under 7 percent and with monthly interest and principal payments of about $1,100.

About a year ago, they ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!