Refinance activity surged to its highest level in recent years, reminiscent of the market conditions back in August 2022 when interest rates were around 5%. Despite this spike in refinancing, the majority of borrowers are not finding it financially advantageous to refinance their mortgages at this time.
Key Points:
– Refinance activity peaks to levels not seen since August 2022
– Market conditions mirror those when rates were close to 5%
– Despite the increase in refi activity, most borrowers are not motivated to refinance
You can read this full article at: https://www.housingwire.com/articles/are-refis-back-applications-hit-highest-level-since-august-2022/(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.
