Low rates spur refinancing wave

Applications for mortgages jumped 23 percent last week, largely due to homeowners taking advantage of record-low rates to refinance, according to the Mortgage Bankers Association. The refinance portion of total mortgage activity was 82 percent. But as a Bankrate article points out, although rates are low, mortgage fees are about to rise. Congress is set to
This entry was posted in Mortgages and tagged , , , , , . Bookmark the permalink.

Comments are closed.