Record low 30-year interest rate drives growing share of refis
Refinance activity is still going strong thanks to low-interest rates, according to the December Origination Insight Report from ICE Mortgage Technology. With interest rates down to their lowest level, the share of refinances remained high at the end of 2020. Of the total closed loans, refinances accounted for 60% while purchase loans remained at 39% … [Read more…]