mortgage refi

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Cheap rates create record high in “refi-eligible” population

Sep 08, 2019By

More than half of all homeowners with a 30-year mortgage are now paying interest that’s 0.75% or higher than current rates, the largest share in six years, according to Black Knight. Of those, 11.7 million are “refi-eligible,” meaning they also meet broad-based underwriting criteria such as credit scores at 720 or above and enough equity to satisfy most lenders, Black Knight said.

3d rendering of a row of luxury townhouses along a street

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