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2011-10-14 — bloomberg.com
"About $783 billion of mortgages will be refinanced in 2011, according to a forecast released at this week's Mortgage Bankers Association conference in Chicago. The projection is more than double the group's estimate of $352 billion at the beginning of the year. Refinanced mortgages now account for 85 percent of home-loan originations, up from 70 percent six months ago."
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