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A lot of experts in the industry anticipate that the low rates will persist in encouraging more applicants hoping to refinance mortgage loans than those wishing to take out loans for new properties. There are still many buyers who are not ready to invest in real estate when they are not sure when it will recover. There are others who are just not willing to risk being saddled with mortgage loans during such tumultuous economic times. Then, of course, some want to buy but cannot qualify for a home loan under the more restrictive lending standards. Although applications for refinancing make up the bulk of the mortgage applicants this year, current homeowners are also facing tighter lending standards.