refi bubble

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Definition of refi bubble

refi-bubble Refi Bubble in USA 2001-2003

Refi bubble is referred to such a period when a significant number of existing mortgages are refinanced to take the advantage of the drop in interest rates.

A typical refi bubble is seen in the Real Estate market for home mortgages. According to Federal Reserve Bulletin in 2001 – 2003 an incredible number of mortgages are refinanced in the USA.

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