Low mortgage rates an economic boost?
The lowest mortgage rates in nearly 40 years could give the economy the boost it needs to get back on track for solid growth in the next year, Wells Fargo Bank’s chief financial officer said today.Many experts think the dramatic drop in 30-year…

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Refinance Activity, Mortgage Rates and Effective Rate
The Refinance Index increased 17.1 percent from the previous week and was the highest Refinance Index observed in the survey since the week ending May 15, 2009. … The refinance share of mortgage activity increased to 81.4 percent of total applications from 78.1 percent the previous week, which is [...]