Exact(26)
REFINANCING The lure of incredibly low mortgage rates has piqued interest in refinancing existing mortgages.
Some owners are refinancing existing mortgages with the corporation, while others are creating new ones.
At first, the strongest interest is expected to come from people refinancing existing loans.
And 75percentt of the borrowers were refinancing existing debts; the rest were buying a home.
And continually rising rates could reduce borrowers' appetite for refinancing existing mortgages or buying a house.
Last year set a record for writing new mortgages and refinancing existing ones, Mr. Lereah explained.
Similar(32)
Of those applications, 83 percent were to refinance existing loans.
Or they refinanced existing mortgages to take cash out.
Scotts will use the loan to refinance existing debt.
Today most companies are selling them to refinance existing debt at lower rates.
Sixt will use the money to refinance existing debt, a spokesman said.
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