Why are More People Not Refinancing into Lower Rates

This is a bit surprising,

 

From DS News

Reports: Refi Numbers Low Despite Low Mortgage Rates

It was no surprise when mortgage rates dropped in the weeks following the Fed's announcement that it would purchase $40 billion of agency mortgage-backed securities (MBS) each month until the labor market shows substantial improvement. Even with the record-low mortgage rates seen today, refinancing numbers are still not as high as expected. CoreLogic and Capital Economics highlighted different factors for the lack of refinancings in separate reports. » Read More

 

 

- sunil

 

SUNIL SETHI REAL ESTATE


Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.


Love Us on Yelp!

 

Like Us on Facebook

 

  Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

   To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".