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Is this the end of the refinancing boom?

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Mortgage Professional America | 14 May 2013, 09:00 AM Agree 0
The most recent uptick in interest rates is influencing originators to prioritize home purchase mortgages, rather than refinances.
  • Jeff Nunley | | 14 May 2013, 01:28 PM Agree 0
    Rates increasing only has an impact on buyer's for the short term. Soon many buuyers will begin to feel the pinch of the higher prices AND higher rates. Over the long term this has a stabilizing effect on the market and will slow down price appreciation. Don't get me wrong, prices should continue higher for quite a while but affordability concerns will temp appreciation to a more reasonable, sustainable level.
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