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Refinance applications are way up

By Holden Lewis ·
Wednesday, June 16, 2010
Posted: 9 am ET

Homeowners are refinancing in big numbers, according to the Mortgage Bankers Association. The MBA says refi applications rose 21.1 percent last week and are at their highest level since May 2009. Three-quarters of mortgage applications were from homeowners hoping to refinance.

And the MBA says purchase applications were up, too.

These numbers are seasonally adjusted, and they might be thrown off by the previous week being shortened by Memorial Day.

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1 Comment
Alex Monroe
June 16, 2010 at 7:17 pm

Nice post. Refinancing can assist you lower your monthly charges, and over the long run, add up to significant discounts. Understanding your choices is important so that you get the maximum benefit possible. Contact your mortgage company for more competitive offers.