Tag Archives: Conventional refinances

Interest in jumbo and adjustable-rate mortgages is increasing as borrowers look for ways to offset inflationary pressure and higher interest rates.

New data from Black Knight, Inc. has found that most mortgages have a rate below 5%, which reflects current drops in refinance activity, as well as cash-out and rate/term locks.

A rise in rates is putting the brakes on the refi market, as overall app volume continues its downward turn.