Mortgage Rates: Few Left Who Can Benefit from Refinancing, June 21, 2022–Gabriella Cruz-Martinez
“On the refi side, all of it really is rate driven,” Joel Kan, associate vice president of industry forecasting at the Mortgage Bankers Association, told Yahoo Money. “People refinance because they get a lower rate and can save on their monthly payments. With rates up, there really isn’t a whole lot left.”