Refi boomlet likely as mortgage rates start to fall: ICE
Falling Treasury yields and sticky mortgage rates are setting the stage for a mini refinance boom, potentially unlocking savings for millions of high-rate homeowners Approximately 5.4 million mortgages originated between 2022 and this year have rates starting at 6.5%, including 2.5 million which are at or above 7%. Obviously, it is “a growing pocket of … Read more