Questions? Let's Talk: 877.762.4375

Refis WAY Up

Refis WAY Up

admin | Jan 26, 2016 | Uncategorized

We’ve already covered the fact that last quarter’s rate hike from the Fed shouldn’t have had any meaningful impact on long-term, fixed-rate mortgages. But everyone expected them to have an impact on short-term, adjustable rate mortgages. Contrary to prevailing wisdom, so far in January, Refinancing is up significantly (12% week-over-week) and within those loans, the share of activity from adjustable rate mortgages has increased within the increase! Just goes to show you, you can’t trust the news. (More about that in our next two posts).

 

Man_Contract_House

Get a Quote

Will be happy to respond