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09/04/2019

HOT or NOT September: What's trending in housing right now

September 3, 2019 Kelsey Ramírez Housing Wire

Refinances

Low rates could push mortgage refinancings to a near-three-year high, the Mortgage Bankers Association said in its latest forecast. The refi volume probably will grow to $180 billion in 2019’s third quarter, the highest since the $265 billion of refis in 2016’s fourth quarter, according to MBA data.The refi share of total mortgage originations probably will be 33% this quarter, the highest since the first quarter of 2018 when it was 37%, the forecast said. In fact, millions homeowners with 30-year mortgages currently are “refi eligible,” according to Black Knight..click to read more.

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