FANNIE MAE EXPECTS RECORD REFINANCINGS TO CONTINUE THIS SPRING; INTERMEDIATE-TERM MORTGAGES TO REMAIN POPULAR PR Newswire | March 31, 1993 | COPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

 
    WASHINGTON, March 31 /PRNewswire/ -- Refinancings are likely to continue at record levels this spring and near-record levels for the year in response to mortgage rates at 20-year lows, according to the Federal National Mortgage Association (Fannie Mae) (NYSE: FNM), the nation's largest investor in home mortgages.  Intermediate-term mortgages also will continue to be popular, especially among homeowners refinancing their loans, the company said today. 
    Intermediate-term mortgages such as the 15-year loan accounted for about one-third of Fannie Mae's mortgage business during ...

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