Q1 Mortgage Refinancings Top New Purchase Loans
24/7 Wall Street, June 3, 2016–Ausick, Paul
Data compiled by the Mortgage Bankers Association show a recent annual low of 39.8% of refinancings in 2014, rising to 46% in 2015. Refinancing reached an annual peak of 71.2% in 2012, when the annual average mortgage loan rate was 3.66%, according to data from Freddie Mac.
