U.S. Homeowners, Banks Approach Refinancing Field Day

Reuters, Mar. 2, 2020–David Henry
The Mortgage Bankers Association is revising upward its forecasts for refinancing because of the plunge in bond yields, said Joel Kan, an economic and industry forecaster for the trade group. The MBA had been forecasting $670 billion of refinancing this year, down from $800 billion last year.