Many consumers are opting to refinance to shorter term mortgages (10 & 15 year fixed rate) with rates so low.  This strategy can save tens of thousands of dollars in interest over the life of the loan.  Freddie Mac reports the strong trend to the shorter terms with even lower interest rates.

Even if you’ve already got a low mortgage rate, consider going shorter term, lowering your rate even further, and owning your home debt-free sooner!

Read More:  http://www.washingtonpost.com/realestate/consumers-trending-to-shorter-term-mortgages/2011/05/16/AFjiEr7G_story.html