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Refinancing Boom Comes to an End

Freddie Mac officially declared this week that the refinancing boom is over.

They called the official end “when the share of mortgages originated for refinancing fell below 50 percent for the first time since the third quarter of 2008,” according to Mortgage News Daily.

The boom marked the longest stretch of refinancing in the 24 years since the company began keeping track.

Image via flickr/lendingmemo

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