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Refinances Surge Amid Coronavirus Uncertainty

With mortgage rates near historic lows, refinances are booming. So reports Yahoo Finance.

Refinance applications jumped 26% in the week ending March 27, after sliding 34% in the previous week, according to the Mortgage Bankers Association.

Refinance volume, which was more than two and a half times heavier than a year earlier, helped push overall mortgage applications up 15.3% for the week.

Read the full article from Yahoo Finance

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