Mortgage Rates Hold Steady Near All-Time Lows

Mortgage rates nationwide remain near record lows, setting off a boom in refinance applications that has seen many lenders struggling to cope with the demand. Some providers report that refi applications currently account for more than half of their total business, compared to 20 percent normally. Matters have been made worse by their own actions this past winter, when thousands of mortgage workers were given pink slips during a slow period between November and February. | Read More