In recent weeks, the mortgage industry has witnessed a downward trend in mortgage rates, providing opportunities for homeowners to potentially save on their monthly mortgage payments. However, despite these favorable conditions, demand in the market slowed down last week, particularly in the realm of refinance applications. This decrease in activity serves as a noteworthy indicator that a mini refi boom may not be on the immediate horizon for the industry.
Key points:
– Mortgage rates have been decreasing, creating potential savings for homeowners
– Demand in the market slowed down last week
– Refinance applications experienced a significant decrease
– Industry experts should not anticipate a mini refi boom in the near future
You can read this full article at: https://www.housingwire.com/articles/mortgage-demand-slows-despite-cooling-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.
