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Lowest mortgage rates since 2012 spur refinancing wave - CBS

CBS - Concerns that the coronavirus could slam the U.S. economy are pushing down mortgage rates to their lowest level since 2012. That's spurring a growing number of homeowners to refinance their loans as well as enticing house-hunters to apply for mortgages. A Mortgage Bankers Association survey of lenders released Wednesday shows that refinancing activity is up 224% from a year ago, while applications for home loans have risen 10% compared with the same period last year. <a href="https://cbsn.ws/32X1P6U/">CBS</a>

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