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Fed Study: Low Mortgage Rates No Boon to Refinancing in 2010

September 22, 2011

One of the few potential marginal benefits of the Fed’s policy decision yesterday could be to push mortgage rates lower, potentially fueling some more refinancing activity, which could put some cash back in people’s pockets.

Sounds logical, but it could be harder than it looks, judging by a new Fed study released today, which found that, despite historically low mortgage rates last year, refinancing activity struggled.

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