According to the Mortgage Bankers Association's weekly survey, mortgage refinancing increased by 11.2%. This is the third consecutive week refinancing has been increasing. Last week, mortgage applications also rose by 9.3% following the Federal Reserve's stimulus measure, "Operation Twist."

Operation Twist aims to keep long-term interest rates low by buying even more mortgage-backed securities. Experts say the Federal Reserve will have to keep interests rates low for a prolonged period of time in order to gain back consumer confidence.

If you are considering refinancing your home or would like to learn more about refinancing options, contact the Maryland mortgage refinancing lawyers of Chaifetz & Coyle, P.C. at 443-546-4608.