Mortgage applications surge amid record-low rates

Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans.

Source: http://rss.cnn.com/~r/rss/money_realestate/~3/FO1gA8NMSBk/index.htm

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