| activity was strong home equity loan rate arizona the third quarter, even with higher interest rates with 44 percent of new mortgage applications being submitted for refis,” said Amy Crews Cutts, Freddie In the third quarter of 2005, the median ratio of old-to-new interest rate was 1.09. In other words, one-half of those borrowers who paid off home equity loan rate arizona original loan and took out a new one had an interest rate on their old loan that was at least nine percent higher than the new interest rate. Years of historically low interest rates have enabled Californians to save |  |
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