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August 9, 2010
All Business: Risks abound if too many refinance
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — Lots of homeowners are frustrated these days that they can't seem to get a mortgage refinance even though interest rates are at historical lows. It turns out they're not alone.
Plenty of people on Wall Street would also love to see a boom in refinancing activity, saying it would be a near-painless way to inject more money into the economy. If more people can refinance, the thinking goes, the more cash they'll have to spend.
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