Homeowners fail to take advantage of lower interest rates to refinance their mortgages, the latest weekly data compiled by the Mortgage Bankers Association show. The weakness in refinancings accounts for much of the latest drop in overall filings for mortgages, down 15.8% in the week ended June 12 from the prior week.
Mortgage filings fall, though rates improve: MBA (Market Watch)
Posted by mortgage 962 days ago (http://us.rd.yahoo.com)
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