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Falling rates no assurance of homeowner refinancing binge
Abstract: When the Fed lowers its benchmark policy rate, the reduction is usually reflected in a variety of consumer finance rates, notably mortgages. However, there are reasons to believe that such a reduction might not prompt an increase in the volume of mortgage refinances and prepayment activity as has historically occurred.
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https://www.dallasfed.org/research/economics/2025/0814
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2025-08-14