Mortgage refinance booms are a thing of the past: MBA chief economist

Those who have higher rates likely have other reasons why they would not qualify for a refinance. Mortgage bankers predict. in the coming years," wrote MBA’s chief economist Michael Fratantoni in a.

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Although a record number of homeowners refinanced their mortgages in the first quarter, in order to capitalize on historically low interest rates, Freddie Mac notes in its report that the refinance.

Freddie Mac has officially declared that the refinancing boom is over. The company’s Refinance Report for the second quarter of 2014 said that the longest refinance boom in the 24 years since it.

Mortgage refinance booms are a thing of the past: MBA chief economist Excerpt: The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

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A sharp drop in the last few weeks has already created a mini refinance boom. Mortgage applications to refinance jumped nearly 27% last week from the previous week and were 97% higher compared.

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"Lenders are signaling strong demand-driven mortgage market dynamics, with optimism for both their consumer demand and profitability outlooks reaching multi-year highs," said Doug Duncan, SVP and.

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