Mortgage applications surge amid record-low rates

Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance into lower-cost loans.img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/FO1gA8NMSBk" height="1" width="1"/