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Homeowners Put Off Refinances Despite Low Rates

Demand for mortgage refinance loans has kept dropping, despite mortgage rates that continue near historically low levels. So reports Moneywise.

MBARefinance activity fell 3% in the week ending September 10, even as overall mortgage activity rose a modest 0.3%, according to the Mortgage Bankers Association.

In fact, refi applications were at their slowest pace since July, according to the MBA.

Read the full article from Moneywise.

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