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Homeowners Refinance in Droves
Refinance mortgage applications rise to 3-year high
Oct. 4, 2012
By MARY ELLEN PODMOLIK Chicago Tribune - McClatchy-Tribune Information Services
Applications to refinance home mortgages rose last week to their highest level in more than three years, as homeowners sought out record low interest rates caused by the Federal Reserve's continued purchase of mortgage-backed securities.
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