Equity loans A review of the basics
The low rates have resulted in an increase in applications for mortgage refinancing. In fact, the number of people applying for mortgage refinancing was at the highest point in half a decade. Applications increased 25. 6 percent from the week prior and the level of activity has not been this high since June 2003. There have been so many applications for mortgage refinancing that some analysts in the housing sector say that it is causing a tiny boom in real estate.