ICE: Mortgage Refinance Retention Reaches Multi-Year High

Mortgage servicer refinance retention rose to a 3.5-year high in the third quarter as falling interest rates encouraged homeowners to reduce monthly payments for lower returns than in past cycles.

ICE Mortgage Monitor: Refinance Eligibility Rises

ICE Mortgage Technology, Atlanta, released its November Mortgage Monitor, highlighting that the recent dip in mortgage rates has significantly increased the pool of homeowners who could reduce their monthly payments via a refinance.