Refinancings Surge on Low Mortgage Rates.The article reports on an increase in applications for home loans in the U.S. in July 2010 as consumers raced to refinance at low mortgage rates according to the Mortgage Bankers Association.EBSCO_bspWall Street Journal - Eastern Edition...
The total dollar volume of refinancing activity in 2009 will be about $1 trillion. In 2003, another year when rates fell, it was $2.8 trillion. (Mortgage applications to purchase houses showed modest improvement for much of the year, but recently fell sharply to their lowest level in 12 yea...
With rates still at the highest level in eight years, mortgage applications to refinance a home loan continued their downward spiral, falling 5 percent for the week to the lowest level since December 2000. Refinance volume was 40 percent lower than a year ago. The refinance share of mortgage ...
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Yes, if your credit score improves or interest rates drop, you canrefinance your existing personal loanto secure a lower interest rate, reducing your overall loan cost. Consider any fees associated with refinancing to ensure it’s cost-effective. ...