Tag Archives: Refinance

Refinances fell in February as mortgage rates rose, according to the Federal Housing Finance Agency’s (FHFA) February 2017 Refinance report. The average interest rate on a 30-year fixed rate mortgage in February 2017 was 4.17 percent, up from January 2017’s 4.15 percent.

A new study suggests that after the Fed began quantitative easing in 2008, many lenders began leaning more toward refinancing applicants than those seeking new purchase loans. This was likely due to the stronger payment history and less risk associated with these applicants. Weaker, less-capitalized banks were more likely to follow the trend.

Since the inception of the HARP program in 2009, 3.4 million underwater homeowners have been able to refinance and keep their homes. The program will end on September 30, 2017.

Despite rising mortgage rates and declining purchase originations, refinances are on the rise.

Total refinance volume between Fannie Mae and Freddie Mac increased in April due to falling mortgage rates, according to the Federal Housing Finance Agency (FHFA).

Despite the current, historically low-interest rate environment, homeowners are still stalling on refinancing their home.

Michael Reddington, EVP of Retail at Envoy Mortgage sat down with MReport to explain how lenders should handle refinance business at a time when rates are so low.

For a program that was only supposed to be temporary, The Home Affordable Refinance Program (HARP) is still going rather strong.

Low mortgage rates do not appear to be enough of an incentive to attract homeowners to refinance their homes.

For years, interest rates have been settled at historic lows, which have opened up opportunities for homeowners to refinance their home. The problem is homeowners are not taking advantage of these untouched savings.