Mortgage refinancing surges nearly 20% in one week, MBA says

Mortgage refinancing surges nearly 20% in one week, MBA says

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Aerial view of a residential area with houses in the Phoenix suburb of Chandler. Getty Images Mortgage refinancing activity surged 20% in the last week, MBA said. The pick up in refinancing volume comes as some lenders are quoting rates below 7%. "Prospective homebuyers are still challenged by a…

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