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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (12801)	8/21/2003 8:57:29 AM
From: biometricgngboy	Read Replies (2) \| Respond to of 306849

Mastering Your Mortgage Getting on Top of the Fast-Changing Mortgage Rate Game abcnews.go.com An excerpt: "Still, despite the biggest quarter increase in more than 15 years, the buzz among prospective homeowners about mortgage rates is expected to continue into the fall. As a result of rising interest rates, the refinance boom is beginning to slow down. But, according to an estimate by the Mortgage Bankers Association, U.S. homeowners refinanced their mortgages 25 million times during the past two and a half years, padding their own wallets with between $230 billion and $250 billion. Although the refinancing market has quieted down, new home purchases continue to roar, and the value of homes continues to increase ? forcing many consumers to work harder at getting the most for their money when it comes to financing their homes.</i/>"