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 "

September 2016

This Month in Professional Builder

Features

No one wants to hear about how great it was 30 years ago. Experience is one thing, but relevance is just as important. 

Overlay Init