Thursday, January 29, 2009
Mortgage Refinance Applications Jump & Mortgage Refinance Originations Slump
Given reports of record low mortgage rates, we would expect a return to the mortgage refinance boom. News reports indicate a large increase in refinance applications. The data does not show that the increase in mortgage refinance applications result in increases for mortgage originations. Conventional refinance mortgages continue to show a steady decline.
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4 comments:
great post
Thanks for the chart. This is something that can really be useful. Information here can help.
This type of loans can also be taken for investment purposes. All most every banks are provides this options. Here are also lots of online lenders if you wanted it real quick and easy.
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