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Loan Modification

: Mortgage Lender Implode-o-Meter

U.S. Mortgage Applications Rise as Rate Drop Spurs Refinancing Requests

By Implode-Explode Heavy Industries

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"Home sales have dried up following an April 30 deadline to sign contracts and receive a tax credit worth as much as $8,000, indicating housing will subtract from economic growth in coming months. Refinancing may keep climbing as Americans, facing a jobless rate around a 26-year high, take advantage of near record-low borrowing costs to reduce monthly payments."

Full post as published by Mortgage Lender Implode-o-Meter on June 30, 2010 (boomark / email).

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