Wednesday, November 12, 2008

Is There Still A Conventional Refinance Market?

The chart below illustrates the steep decline that has taken place through September 2008 in the Conventional Refinance marketplace since the Government passed legislation earlier this year to make FHA an excellent option for homeowners looking to refinance.
Click on the image below for a larger view.

The corresponding chart below shows what has taken place in the FHA Refi marketplace.

Click on the image for a larger view.

The September Conventional numbers are still twice as high as FHA but this is something to continue to watch.

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