© 2026
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
🎧 We've wrapped up the on-air portion of WDIY's 2026 Spring Fund Drive — but there's still time to make a donation in support of your listening. Click here to give. 💚

Sharp Rise in U.S. Mortgage Refinancing in 2002

Taking advantage of low interest rates and service costs, there was a sharp upswing of mortgage refinancing among U.S. homeowners in 2002. Many took cash out of their properties to pay off credit card debt, remodel their homes or put money in the bank. NPR's Jack Speer reports on whether the trend has run its course.

Copyright 2002 NPR

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.