Tuesday, December 13, 2016

Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.

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