(Source: The Washington Post By Danielle Dougla) – Local credit unions are reporting an uptick in mortgage applications, as record-low interest rates entice members to refinance their mortgages or purchase a home, despite rising fears of a double-dip recession.

“We’re seeing a 50 percent increase in mortgage applications and loans going into our pipeline,”said Bill White, vice president of real estate lending at NASA Federal Credit Union in Upper Marlboro.

Source: The Washington Post By Danielle Dougla

Published: August 27

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