Homeowners with Year-Old Mortgages Are Refinancing Like Crazy
A new report from Black Knight revealed that prepayment activity (early payoff of a mortgage) has been surging thanks to the precipitous drop in mortgage rates. It has more than doubled in just the past four months alone, and is now at its highest level since late 2016. The biggest driver has been homeowners with [&hellip
The post Homeowners with Year-Old Mortgages Are Refinancing Like Crazy first appeared on The Truth About Mortgage.