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    Frank Nothaft, chief economist for Freddie Mac, says that refinancings are expected to decline this year.

    Nothaft predicts that refinancings will only make up around 30% of all mortgage applications by the fourth quarter of 2006. This is partly due to rising interest rates thi

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    t refinancings are expected to decline this year.

    Nothaft predicts that refinancings will only make up around 30% of all mortgage applications by the fourth quarter of 2006. This is partly due to rising interest rates th

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    othaft predicts that refinancings will only make up around 30% of all mortgage applications by the fourth quarter of 2006. This is partly due to rising interest rates th
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    nd 30% of all mortgage applications by the fourth quarter of 2006. This is partly due to rising interest rates th
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    of 2006. This is partly due to rising interest rates this year.

    He pointed out that from 2001 to 2004, the nation was experiencing a refi-boom period, in which refinancings constituted over 50% of mortgage loans.

    The predicted decline in refinancings will drag the overa

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