New Record Low Rates Spur Refinance Spike

After continued investor worries about Greece pushed mortgage interest rates down to new records lows last week, homeowners were lured back to the refinance table, pushing an index of applications 5.6 percent higher, according to the Mortgage Bankers Association. The MBA’s seasonally adjusted index of all mortgage applications grew 3.8 percent during the week ended [...]

Source: http://www.loan.com/blog/2012/05/23/new-record-low-rates-spur-refinance-spike/

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