• Metro East REIA

High Prices & Low Rates are Driving Mortgage Refinance Boom

According to data complied by Statista, a combination of historically low mortgage rates and soaring home prices led to a surge in mortgage refinances in the U.S. In fact, the refinance boom became even more apparent in early ’21, as existing homeowners refinancing their debt accounted for a whopping 70% of $1.3 trillion in mortgage originations in Q1. Continue reading HERE...

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