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THE REALITY It's true that the current standard American mortgage — one with a relatively low rate of interest fixed for 30 years that can be refinanced at almost no cost — would probably be harder to get.
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The United States market is almost unique in offering 30-year, fixed-rate mortgages that can be refinanced at lower rates at little cost because of Fannie and Freddie's participation.
This will have to be refinanced at higher rates.
If the economy goes into a low-interest-rate recession, those 5% munis will be refinanced at 4%.
In this instance, the issuer would recall the bonds because the debt could be refinanced at a lower interest rate.
When they come to be refinanced, it may have to be at much higher rates.
As a result, Mr. Harrison said, when a mortgage is refinanced, the refinancing is almost always a brand new loan.
Therefore, there will be refinancing issues.
Debts were refinanced to cut interest rates.
Large existing solid biomass power plants, meanwhile, could also run more flexibly at least in a certain range of power, as soon as they are refinanced.
Very few HECMs are refinanced.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com