WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Support NHPR with a year-end gift today for 2 chances to win a trip to Aruba!

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

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.