Borrowers

Borrowers rush to refinance, as mortgage rates drop for a second week

Borrowers rush to refinance, as mortgage rates drop for a second week

Mortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application volume rose 5.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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