Rising rates check refinancing mortgage boom - 2003-08-07
First, long-term interest rates surged nearly a point. Next, mortgage rates reacted accordingly. And then, the refinance engine began to sputter.
Just like that, economists started ringing the death knell for the nearly three-year home loan surge, the most massive in the nation's history.
"A portion of the refinancing boom, albeit a major portion, certainly appears to be coming to an end," said Jay Brinkmann, an economist with the Mortgage Bankers Association of America.
Read the full story at Atlanta Journal And Constitution 
