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Home Refinancing Applications Drop as Interest Rates Rise

By susanne, on December 5th, 2010

RISMEDIA, December 6, 2010—(MCT)—Brightening economic signs are pushing interest rates higher, choking off a surge in home refinancing at the same time that buyers are showing more willingness to purchase houses at today’s beaten-down prices. Fannie Mae said that the typical rate mortgage lenders were offering on 30-year fixed loans was 4.46% this week, up from last month’s record low of 4.17%…

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