As Homeowners Wait Out Coronavirus, Some Rush to Refinance
Wall Street Journal, Mar. 18, 2020–Katy McLaughlin (subscription)
In these tough times, a rare silver lining has come in the form of mortgage refinancings—an effect of the stock market sell off and flight to safety, which has pulled interest rates lower. Refi applications were up 79% the week ending March 6 compared with a week prior, according to the Mortgage Bankers Association.