Reviving Boom In Refinances

Date February 6, 2008

Another notable trend in the mortgage market is the current boom in applications for refinance mortgages. "Refinance applications are up 92 percent since the beginning of November, while purchase applications are up 7 percent," said Jay Brinkmann, vice president of the Mortgage Bankers Association. "With tighter credit conditions we don’t know how many of these [...]

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