Refinance Exercise Elevated Particularly for Price/Time period Refinances

by Calculated Danger on 12/09/2024 10:57:00 AM

Right this moment, within the Actual Property E-newsletter: ICE Mortgage Monitor: Refinance Exercise Elevated Particularly for Price/Time period Refinances

Transient excerpt:

When mortgage charges declined in September and October, there was a surge in refinance exercise, particularly in charge/time period refinances by householders with mortgage charges within the 7%+ vary.

• Greater than 300K debtors closed on refinances in September and October, together with practically 150K charge/time period refinances
…
• Refinances out of 2023 and 2024 vintages drove 78% of charge/time period lending, and practically half of refinance exercise total

There may be way more within the publication.