Fed’s move leads to spike in mortgage refinances

Printer-friendly versionSend by email

Interest rates have fallen to record lows, and refinance applications have skyrocketed in the weeks after Federal Reserve Chairman Ben Bernanke announced plans to buy mortgage-backed securities.

October 15, 2012

Interest rates have fallen to record lows, and refinance applications have skyrocketed in the weeks after Federal Reserve Chairman Ben Bernanke announced plans to buy mortgage-backed securities. Borrowers are shortening the term on their mortgages, paying extra to lower their principal, or keeping their balance the same.

Comments on: "Fed’s move leads to spike in mortgage refinances "

July 2016

This Month in Professional Builder

Features

Two of the largest, most significant buyer groups are in different stages of life, yet are often drawn to similar features in a home. Here’s a look at those intersecting tastes—and how to maximize them.

Overlay Init