Home loan refinancing surges as mortgage rates hit new lows

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Advantage advantage of of the the fact fact that that 30 30 year year mortgage mortgage loans loans have have fallen fallen below below 3% 3% for for the the first first time time in in five five decades, decades, the the real estate data firm CORELOGIC says refinancings from January through April more than doubled compared to the year before economist gusto, O'Shea says. That's what the Federal Reserve wants to see. They want interest rates to be very low. They want to support the housing market to support an economic recovery. They want homeowners to be able to refine. Hans. Lower interest rates being people have more money to spend elsewhere. Pam Coulter CBS NEWS the day I had her run ins

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