Refinance Market Continues Driving Volume in 3rd Quarter as Mortgage Rates Remain Attractive
September 17, 2009
Mortgage refinance activity, which was the dominant factor in the industry’s strong production levels during the first half of 2009, continues to push volume in the third quarter, according to a new analysis and ranking by Inside Mortgage Finance. Thanks to a sharp dip in mortgage interest rates engineered by the Federal Reserve and the U.S. Treasury... [Includes three charts and one graph]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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