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Home » Store » Taxable » Mortgage Refinance Boom Enters New Realm; Bear Stearns Says Volume May Top $3 Trillion

Mortgage Refinance Boom Enters New Realm; Bear Stearns Says Volume May Top $3 Trillion

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Mortgage interest rates sank to new lows this week and consumer applications for refinance loans rocketed higher, adding more gas to a mortgage origination boom that won’t quit. Freddie Mac reported that the average rate for 30-year fixed rate conventional mortgages sank to 5.61 percent this week, 6 basis points below the previous record set in the first week of March.
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