Refinance activity strong in state as people take advantage of record low rates
by Becky Gillette
Published: June 3,2012
Tags: BancorpSouth, Chevis Swetman, David Turner, foreclosures, HARP II, housing bubble, John Oxford, Randy Burchfield, Regions Bank, Renasant Bank, The Peoples Bank
The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial [...]
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