“The sharp increase in demand for rate-and-term refinances following a dip in rates indicates that homeowners with rates above 7% feel pinched and are sensitive to even modest interest rate movements in the current economic landscape.” --Brennan O’Connell, Director of Data Solutions at Optimal Blue

The Mortgage Bankers Association launched the Princess Mackie Book Challenge to promote financial education and develop new tools and resources to help children and their families learn more about homeownership in schools and community organizations. This week, MBA would like to highlight DHI Mortgage Company, Austin, and Lennar Mortgage, Miami, for participating in this initiative.