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If you still have not refinanced your adjustable rate mortgage, probably this is the time to do it. This is exactly what our central banker who manages interest rates did recently.
In fact, Ben Bernanke, Chairman of the Federal Reserve, told Time Magazine in an extended interview, he refinanced his adjustable rate mortgage to 30-year fixed, a couple of months ago. The Federal Reserve Chairman purchased a 2,600 square foot house in 2004 for $839,000.
