Refi

Stark Contrast: Refi Records in February vs Interest Rate Carnage Since Then

Despite your thoughts on the term “fake news,” we have to talk about it in the context of mortgage rates . It’s highly pertinent, even if deception is far from the intention. Thursday is a big day for mortgage rate news because that’s when Freddie Mac’s weekly mortgage rate survey is published. Why does that […]

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Forbearances Ending at a Faster Pace; Rates Drift Lower; Refi Market Still Hot

Black Knight said its weekly forbearance survey found the number of mortgages in active forbearance decreasing at an accelerated rate. Those mortgages fell by 2.6 percent or 95,000 loans over the last week, bring the decline over the last month to 357,000 loans. It was the fifth straight week of improvement and Black Knight noted […]

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Thinking Refi? Read this First !

Posted To: Community Commentary With rates near all-time lows, millions of homeowners are frantically refinancing. Borrowers often think the only pertinent question is “ how much can I drop my rate? ”, when there’s other as (or more) important factors involved. Let’s look at some of those, and make more informed decisions on refinancing: What […]

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