TITLE

Rates Jump, Refis Drop

AUTHOR(S)
Berry, Kate
PUB. DATE
June 2009
SOURCE
National Mortgage News;6/8/2009, Vol. 33 Issue 36, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports analysis on the effect of the increasing mortgage rates to the refinancing of lenders in the U.S. It notes that when the mortgage rates increase, the booming refinancing activities which benefited lenders will be threatened. It cites financial experts including Chief Executive Officer (CEO) of Lenders One, Scott Stern, saying that there are many eligible borrowers, but when rates increase, lenders have to do marketing job to attract those borrowers.
ACCESSION #
41787986

 

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