Mortgage Standards Are Not Loosening for Refi Market

HousingWire, Nov. 2, 2015–Swanson, Brena

A report from Black Knight Financial Services appears to show that the average credit score for refinance applications is loosening. However, with further investigation, the truth is that there is only a decrease in the number of high credit score borrowers since most of them likely already refinanced and taken advantage of the low interest rates.