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Record low mortgage rates spur push to refinance homes in US
As mortgage rates hover near historic lows after Brexit jitters, borrowers like Mark McCollum in Los Angeles refinance to cut payments. MBA data show refinancing surges, with total originations near three-year highs, while qualification remains key and costs must be weighed against long-term savings.
MENTIONED IN THIS ARTICLE
Mark McCollum
Los Angeles
McCollum
Britain
European Union
Mortgage Bankers Association
Erin Lantz
Zillow
Mat Ishbin
United Wholesale Mortgage
Lantz
MBA
Eric Montas
Sacramento
California
Montas
Bankrate
Bankrate .Com