Mortgage Rates News: Refinance Market Smaller Despite Low ...

Despite low mortgage rates, the refinance share of mortgage applications decreased for the eighth consecutive week, which is the lowest refinance share since July 29, 2011.??

The share of mortgage applications for investment properties increased to 8.3% in March compared to 7.4% in February 2012.? The increase in investor share was driven by refinance applications, as the share of purchase applications for investment homes decreased.?

These figures are based on a national survey, and may not reflect local market conditions.

?http://www.mbaa.org/NewsandMedia/PressCenter/80429.htm

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