Refinance
Lender Data Shows Refinance Offers Have Increased 42% Nationwide Over the Last Year
Remember the days of 3% mortgage rates? As a relieved nation emerged from the Covid-19 pandemic in 2021, along with it came those historically low average mortgage rates below 5.00%, 4.00% or even sub-3.00%. But as inflation began to increase so too did mortgage rates, rising to nearly 8.00% in 2023 and 2024, their highest… […]
Mortgage Mix: Rates Dip Sharply; Major Lender Prepping for Refinance Boom
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. Per the latest survey by Freddie Mac, mortgage rates experienced a noticeable drop during the first week of August 2024–the lowest rate in over a year, in fact. The 30-year mortgage rate is 6.47%, down… […]
Refinance Activity Broke an Almost 9-Year Record in February
It hasn’t exactly been a scramble, but homeowners have stepped up their refinancing activity over the last two months as they saw interest rates begin a slow but steady march higher. The February Origination Insights Report from ICE Mortgage Technology shows the refinancing share of all loans originated during the month moved 1 point higher […]