Mortgage Rate Hikes Drain Pool of 'Refinancible' Loans

Posted by Me on Facebook on October 07, 2013 at 01:13PM:



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Source:

http://bit.ly/17Odd3z

Description:

According to Lender Processing Services’ data, the monthly prepayment rate—historically a good indicator of refinance activity—has dipped more than 30 percent in the months since May, with mortgage interest rates climbing nearly 100 basi