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Residential mortgage-banking industry riding wave of

 
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Elhanan
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Joined: 09 May 2006
Posts: 9575
PostPosted: Sat Jul 04, 2009 4:26 am    Post subject: Residential mortgage-banking industry riding wave of Reply with quote
This spring, <b>mortgage</b> rates have hovered just below 5 percent, and that's prompted three times as many homeowners to <b>refinance</b> their mortgages in the first quarter of 2009 compared to the last quarter of 2008, nationally. ... This refi boom has kept <b>Minnesota's mortgage</b> companies hopping. During the past couple of years, the deflating real estate market coupled with tighter industry scrutiny by lawmakers and regulators has decreased the number of <b>mortgage</b> companies in the ...

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