Mortgage rates experienced a significant drop in the most recent week, leading to a surge in refinance activity across the industry, specifically among VA borrowers. This trend indicates a favorable environment for those looking to refinance their current mortgages to take advantage of lower interest rates and potentially lower monthly payments.
Key points:
– Mortgage rates decreased earlier in the week ending June 7
– Refinance activity saw a notable increase as a result
– VA borrowers in particular took advantage of the lower rates
– The market is currently conducive to refinancing opportunities, offering potential savings for homeowners.
You can read this full article at: https://www.housingwire.com/articles/refi-business-is-picking-up-on-falling-mortgage-rates/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
