Tag Archives: Mortgage Refinances

The mortgage industry continues to feel the effects of the Brexit vote from late June, as refinancing activity exploded during the summer.

The number of mortgage loans backed by Fannie Mae and Freddie Mac that refinanced reversed course in July, declining after three months of gains as mortgage rates hover slightly above record lows.

The already near-record low mortgage rates ticked downward again as the share of refinances remains high more than two months after the Brexit vote.

The FHFA announced on Thursday that it will extend its Home Affordable Refinance Program (HARP) another nine months, and the agency will also be offering a new streamlined refinancing option for high LTV borrowers.

With mortgage interest rates hovering just above historic lows for the last few weeks, one would think the environment is great to refinance a mortgage. One analysis found however, reported a decline in refinances.

The low mortgage rate environment has created an incentive for homeowners to refinance. But fewer and fewer of them are doing it through the government’s Home Affordable Refinance Program (HARP).

June's Brexit vote pushed another few million borrowers "into the money," creating the a four-year high in the number of candidates who could benefit from a mortgage refinance.

Consumers’ experiences in the credit market have improved compared to earlier in the year, but at the same time consumers seem to be more pessimistic about their prospects ...

While U.S. economists debate how a set of troubles playing out overseas will affect the American mortgage market, Kroll Bond Rating Agency predicts that these troubles will probably not bring the refinancing volume some might think.

The aftermath of Brexit in the U.S. has been mortgage rates hovering just above their historic low level set nearly four years ago, which prompted the spike in refinance requests.