- Associated Press - Saturday, May 17, 2014

WILMINGTON, Del. (AP) - Vice President Joe Biden has taken advantage of low interest rates to refinance the mortgage on his Delaware home.

The refinancing was included in Biden’s latest financial disclosure report, which the White House released on Thursday.

Biden and his wife, Jill, took out a new loan from TD Bank at an interest rate of 3.375 percent. Their previous mortgage had a 4.625-percent interest rate.

Biden’s longtime family home is in Greenville, a suburb of Wilmington. He also owns a rental cottage next to it.

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