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Dropping interest rates in 2001 meant an increase in refinancing business. And rates remain low enough for some people to think about locking in a new rate.
"This has been a phenomenal year in the mortgage industry," said Tammy Rowe, a mortgage broker who operates West...
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Mortgage rates have dropped to their lowest since 1967, which is expected to result in another rush to refinance.
The benchmark 30-year fixed-rate mortgage fell 20 basis points to 6.34 percent on July 25, according to Bankrate.com's weekly national survey of large lenders....
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Cindy Sellers of Laguna Niguel, Calif., says she's no financial whiz, but when interest rates dropped and dropped and dropped, she decided it was time to refinance costly credit-card debt.
The 37-year-old mother of two and her husband, Stephen, a self-employed construction...
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Many people who take cash out of their house when they refinance their mortgage will have to pay more starting Feb. 1.
Fannie Mae, a quasi-government agency that buys mortgages from lenders and sets terms for much of the mortgage market, has discovered that people who...
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JUST WHEN YOU THOUGHT EVERYONE WHO WAS GOING TO REFINANCE A HOME MORTGAGE HAD LONG SINCE DONE SO, INTEREST RATES DIPPED AGAIN, TO UNDER 6 PERCENT. THAT SPAWNED YET ANOTHER SURGE OF REFINANCING APPLICATIONS FOR LENDERS AND CAUSED LONG LINES AND FRAYED NERVES AT REGISTRY OF...
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We are in a mortgage refinancing boom. Interest rates are lower than they have been in decades, and homeowners nationally are taking advantage of these rates.
The Internal Revenue Service recently issued a press release (IR-2002-114) reminding taxpayers that some, but not...
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