Conforming Jumbo Mortgage Refinance Hot, Interest Rates Low

2010-09-01 — freerateupdate.com

"While mortgage rates continue at record low levels, overall volume of refinances have continued to increase throughout the nation. Borrowers are continuing to refinance their existing mortgages in an effort to free up some needed cash and, at the same time, reduce their debt. Since the inclusion of certain jumbo loans into the conforming loan arena back in 2008, conforming jumbo mortgage refinances have been hot while interest rates remain low."

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