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Business
Capital Gazette Communications
Published
01/20/09
Historically low interest rates that sparked a refinancing boom late last year should continue through the first half of 2009, banking experts said. 
Joshua McKerrow - The Capital
Bonnie and Sam Abrashoff talk with George Matthews, owner of A-1 Mortgage in Annapolis, at their Cape St. Claire home, which they are refinancing. Banking experts expect the refinancing boom, which was sparked late last year by historically low interest rates should continue through the first half of 2009, banking experts said.Find Us On Facebook
"I do expect the environment of ultra-low mortgage rates to persist at least through the first half of 2009," said Greg McBride, senior financial analyst for Bankrate.com. "This will aid both homeowners looking to refinance as well as prospective homebuyers." With rates running at historic lows of 5 percent or below, Anne Arundel County mortgage brokers and bank officials said they have been inundated with...
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