So What’s Behind the Explosion of Mortgage Refinancing?
Realtor.com, Feb. 18, 2016–Trapasso, Clare
Mortgage applications are up, up, up, as homeowners try to save some of their hard-earned cash through refinancing their loans. The number of mortgage loan applications surged 8.2% last week over the first week of the month, as interest rates fell on 30-year fixed-rate mortgages to lows between 3.74% and 3.83%, according to the Mortgage Bankers Association.
