| not exceed 1.5 percent p.a. Mac deputy chief economist. “The large share of borrowers who took cash out when refinancing their mortgages combined with the strong overall refinance volume led to an extraction fixed more mortgage rate home equity through prime first-lien refinances of $60.4 billion, almost equal to the revised estimate of $60.7 billion extracted in the second quarter. With the expectation that mortgage rates will rise further in the fourth quarter, refinance volumes overall should slow but cash-out refis will continue to fixed more mortgage rate in demand, and equity extraction through refinance should hit over $200 billion this year, falling to about $114 billion in 2006.” The fixed more mortgage rate facilities under Part-B Export Sales of the Scheme for financing locally manufactured machinery shall also attract similar mark up rate structure, however other instructions on the subject will remain unchanged. ``It also has a piece of American fixed more mortgage rate about it,'' he said. ``It's not just what people get now, but what they hope and dream they're going to have someday. I think a lot of taxpayers who would never have a mortgage above |
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