Less buying and refinancing is bad. Hit by housing slump, credit crunch, mortgage brokers struggle to survive Home buying and refinancing are good for mortgage brokers, who match borrowers with loans. Crunch turns back clock on mortgage... Low mortgage rates in turn lead to bigger savings from your monthly payments. And with a refinance mortgage loan, you can take advantage of this basic financing concept and reduce your monthly repayments while at the same time, increase your monthly savings.
