Sunday, March 21, 2004
There is some talk in the Sunday papers about a resurgence of the home refinancing market. Rates today are within two-tenths of a percentage point of last June's 5.21 percent. Who would refinance today? Well, someone who was late applying last summer and lost out on the lowest rates, or someone who went through with their mortgage but ended up with a higher rate. Others, still, might refinance to "cash out" the equity in their homes, taking advantage of the continued high home prices. I hope these projections are correct. The volume of recordings at the registry have been way down since last September. We had all gotten used to working at a good pace, processing at least 800 documents per day. Now, we're doing data entry projects that will benefit everyone in the long run, but staying busy makes the day go by faster.
Posted by Dick at 3/21/2004 08:10:00 PM