| Nov 7, 2012 4:30PM Americans continue to refinance with new loans the same size or smaller than the loans they are replacing. Freddie Mac's third quarter refinance analysis shows that 54 percent of homeowners who refinanced during the third quarter of 2012 took new loans of approximately the same size as the old and 29 percent brought funds to the table to reduce their mortgage balance. The aggregate 83 percent is only slightly below the record 85 percent of non-cash out borrowers in the fourth quarter of 2011. The... Nov 7, 2012 2:30PM Although this can't be said for every lender, mortgage rates snapped immediately back to recent lows following the election results . The election's effect on rates was in the spotlight over the past 3 days with yesterday's rates rising severely as markets accounted for the possibility that current "interest-rate-friendly"administration could be unseated. As the election results gained clarity overnight, interest rates in broader bond markets were already declining . By the time the Secondary Mortgage...
 | 
