Mortgage refinancing frenzy abates - 2004-02-17
The home refinancing craze, credited with helping an anemic local and national economy get through an otherwise recessionary two years, has abated to a whisper, say mortgage specialists and bankers in Portland's suburbs.
As a result, mortgage companies, no longer besieged by homeowners wanting to take advantage of historically low interest rates, have laid off scores of loan processors in the past few months.
Read the full story at The Oregonian 
