On February 4, 2015, Freddie Mac released the results of its fourth quarter 2014 quarterly refinance analysis, showing that borrowers are continuing to take advantage of near record low mortgage rates to lower their monthly payments, shorten their loan terms and overwhelmingly choosing the safety of long-term fixed-rate mortgages as they closed out the year. Borrowers who refinanced in 2014 will save on net approximately $5 billion in interest over the next 12 months. This release of the report also contains annual statistics on refinances for the 22 largest metropolitan areas and four Census regions of the U.S.
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