Prepping For Your Refi

Wednesday, April 1st, 2020

In these tough times, a rare silver lining has come in the form of mortgage refinancings. Where rates are headed is anyone’s guess because these are unprecedented times and markets are reacting in ways nobody has ever seen. Though historically low 10-year Treasury yields should coincide with plunging mortgage rates, other factors, including investors pulling money out of mortgage-backed securities amid a broad asset selloff, caused rates to tick up recently. Some lenders are so overwhelmed with refi requests that they are slowing the flow of business by raising rates. The dynamic situation requires that borrowers get ready to act […]

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