6.5% vs. 5%...Wow!

Have you ever wondered the difference in payment and interest savings between a rate of 6.5% and 5%?

The savings is significant: $152 per month payment difference, $23,782 interest savings over 10 years, and over 8 years off your mortgage if you continue to pay the 6.5% payment with the 5% rate.
Many consumers will miss out on a tremendous amount of savings trying to time the bottom of the rates and get the "perfect rate". If you are over 6%, don't hold out for 4.5% if you can get 5% currently. It's just not worth the risk.