Two Ways To Play: Mortgage Applications Up?
Editors Note: Terry Woo is out this afternoon. Buzz & Banter editor Matt Theal is filling his considerable shoes. Less than a  week after the Federal Reserve’s historic interest rate cut prospective borrowers have rushed to fill out mortgage-loan applications. According to the Wall Street Journal mortgage rates have fallen by almost 3 quarters of a percent and bankers have become swamped with applications as borrowers look to refinance at rates not seen since the 1960s. Bank of America (BAC) the nation's largest mortgage provider says applications have doubled in December (it's even moved 300 employees from home-equity loans ...
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