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Home Mortgage Refinance Blog. March 7, 2006. Home equity cash out skewing national savings rate. The savings rate in the US is abysmally low; in fact it is negative for the nation as a whole. In 2005, the savings rate was (negative) 0.5%. Americans spent $ 41.6 billion more than they earned. According to economists, this is an unsustainable paradigm and once the economy starts to slow down or goes into recession, bad debts will start to pile up and an economic implosion may occur. March 7, 2006. The US r...

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homemortgagerefinanceinfo.blogspot.com

Home Mortgage Refinance Guide

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