Items Tagged with 'Refinance'

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Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

New Black Knight report shows impact of another week of higher rates
A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.
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Airbnb causes confusion in refi market

Lenders unsure how to classify Airbnb homes
Airbnb is in the news again, this time causing confusion in the refinance market. As Airbnb blends traditional homes with commercial investment, it can cross many lines, and be difficult for lenders to define.
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MBA: Mortgage apps continue to increase

30-year fixed-rate mortgage decrease to lowest level since 2013
Mortgage applications are up, along with refinances as the mortgage interest rates continue to drop. With rates nearing their all-time lows, many borrowers look to lock in their rate.
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Zillow: Refinances skyrocket in wake of Brexit

Record low interest rates drive massive jumps in refinance mortgage requests
A recent report from the Mortgage Bankers Association showed that refinance applications jumped to an 18-month high in the wake of Britain's decision to leave the European Union. Further evidence of the apparent refinance boom came in Friday, when Zillow reported that refinance mortgage requests through its mortgage marketplace skyrocketed since the Brexit. Is a refinance boom upon us?
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