When the COVID-19 pandemic arrived in 2020, the Federal Reserve’s response was swift and its impact on the housing market was dramatic. Millions of homeowners rushed to refinance, sometimes more than once. But for the industry, a golden opportunity also became a logistical nightmare.
Tag: Refinances
SingleSource Property Solutions’ Ed Austin: Take 2020’s Lessons to Heart And Get Refi-Ready Now
When the COVID-19 pandemic arrived in 2020, the Federal Reserve’s response was swift and its impact on the housing market was dramatic. Millions of homeowners rushed to refinance, sometimes more than once. But for the industry, a golden opportunity also became a logistical nightmare.
Take 2020’s Lessons to Heart And Get Refi-Ready Now–Ed Austin of SingleSource Property Solutions
When the COVID-19 pandemic arrived in 2020, the Federal Reserve’s response was swift and its impact on the housing market was dramatic. Millions of homeowners rushed to refinance, sometimes more than once. But for the industry, a golden opportunity also became a logistical nightmare.
Optimal Blue: Rate-and-Term Refinance Locks Up Significantly From 2023
Optimal Blue, Plano, Texas, released its September Market Advantage report, finding a spike in rate-and-term refinance activity.
Optimal Blue: Rate-and-Term Refis Jump in May
Optimal Blue, Plano, Texas, released its Market Advantage Mortgage Data Report for May, finding, among other metrics, an almost 26% increase in rate-and-term refinances in May.
ATTOM: Mortgage Lending Drops in Q1
ATTOM, Irvine, Calif., released its first-quarter U.S. Residential Property Mortgage Origination report, revealing that 1.28 million mortgages secured by residential property were issued in the quarter.
Total Expert’s Joe Welu–Retention Is the Key to Winning the 2024 Refi Surge
We knew it was coming—eventually. After 11 rate hikes starting in March 2022, the Fed in December 2023 signaled its intentions to lower rates through 2024. With mortgage rates already dropping, virtually everyone that bought a home in the last 18 months will benefit from a refinancing conversation with their lender.
Fewer Than 1 in 5 With Pre-Pandemic Mortgages Have Refinanced
Despite record low interest rates, just 19 percent of homeowners with a mortgage they had prior to the pandemic have refinanced since COVID-19 started, according to Bankrate.com.
Fewer Than 1 in 5 With Pre-Pandemic Mortgages Have Refinanced
Despite record low interest rates, just 19 percent of homeowners with a mortgage they had prior to the pandemic have refinanced since COVID-19 started, according to Bankrate.com.
Despite Record Low Rates, Most Homeowners Pass on Refinancing
A Zillow survey of more than 1,300 homeowners found despite record low interest rates, more than three-fourths of respondents passed up the opportunity to refinance their mortgage.