© 2022 WCLK
background_fid.png
Atlanta's Jazz Station--Classic, Cool, Contemporary
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Jazz 91.9 WCLK | Upgrade Your Listening | Become A Member Today

Sharp Rise in U.S. Mortgage Refinancing in 2002

Taking advantage of low interest rates and service costs, there was a sharp upswing of mortgage refinancing among U.S. homeowners in 2002. Many took cash out of their properties to pay off credit card debt, remodel their homes or put money in the bank. NPR's Jack Speer reports on whether the trend has run its course.

Copyright 2002 NPR