Estimated reading time: 0 minutes, 20 seconds

Refinances Hit 7-year High As Mortgage Rates Stay Down

Wednesday, Feb 19 2020
Lending
Written by 

Mortgage rates have edged higher but remain near historic lows, driving a surge in refinancing activity. So reports CNBC.

According to Freddie Mac, the average for the 30-year fixed-rate mortgage was 3.47% for the week that ended February 13, versus 3.45% a week earlier. That’s still the second-lowest since October 2016.

According to the Mortgage Bankers Association, weekly refinance activity climbed to its best since June 2013.

Read the full article from CNBC.

Read 1336 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline