Cathy Dodge`s Blog Site

Just when you think the wave of mortgage refinancing applications is about to wind down, interest rates drop and the applications begin to pick up once again.  After a stellar year for mortgage refinancing companies, things began to slow down as the spring season rolled in, but the steady increase for mortgage refinancing rates began to shift once again.  Due to the financial troubles in Greece and the uncertainty that came along with it for investors, many began to jump back in to US bonds once again.  This caused the treasury yields to drop and mortgage refinancing rates followed along with it.  Each time we get a drop in mortgage refinancing rates, the applications begin to soar again.

This entry was posted on Saturday, July 24th, 2010 at 2:55 am and is filed under Real Estate. Both comments and pings are currently closed.