This May Be The Swift Kick The Economy Needs

Low interest rates are awfully nice. Just ask Michael and Rema Lichtenstein of Dracut, Mass. They're planning on refinancing their $165,000, 10.375% mortgage at something under 8.5%. That figures to put "$300 a month extra in our pockets," says Rema, a surgical nurse, "and that's better than in the bank's pocket." What will they do with the dough? Perhaps put some aside for their children's college education. Possibly step up their mortgage payments. Then again, says Michael, a 42-year-old furniture salesman: "Rema and I spend what we make, and the more we make the more we spend."

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