Explore writings about refinance rates
Consumers are happy to see continued low rates, as they grapple with the economic downturn. Current property owners are finding no shortage of solicitations from mortgage refinance marketers. And they appear to be jumping at the opportunity to grab the new lower rates. According to the Mortgage Bankers Association, during the third week of March 2009, mortgage applications were up 3 percent from the prior week and 80 percent of those were for consumers considering a refinance. Mortage interest rates this low translate to significant monthly savings for those who are eligible for refinancing.