Interest cost down 31% vs. 2 years ago

It's a Refi Boom. Mortgage rates have been on decline for more than 2 years. Conforming mortgage rates, FHA mortgage rates, VA mortgage rates and jumbos -- they're all at all-time lows.
Meanwhile, so is the value of the mortgage interest tax deduction. As mortgage rates remain below 4 percent, today's homeowner is paying less mortgage interest to the bank each year.
As compared to two years ago, homeowners paying 31% less mortgage interest.