The Irresistible Appeal of Refinancing.

Authors :: McDowell, Edwin
Source :: New York Times. 4/6/2003, Vol. 152 Issue 52445, section 11 p1. 0p. 1 Color Photograph, 1 Black and White Photograph, 2 Graphs.
Publication Year :: 2003
Abstract: States that applications for mortgage refinancings are at record levels in April 2003 because of low interest rates that lure homeowners into lower-cost loans. Views of economists at the Federal Home Mortgage Corp. (Freddie Mac) and Federal National Mortgage Association (Fannie Mae) about the trend in the United States; Data from the Freddie Mac weekly surveys; People who have moved out of their apartment or refinanced new loans; Discussion of housing demand; Example of loan terms.