Residential Mortgage Refinancing During the COVID-19 Pandemic
Abstract: Historically low interest rates have spurred a refinance wave among American homeowners, particularly those with higher credit scores and greater home equity. However, millions of borrowers may still benefit from refinancing, and industry forecasts suggest interest rates will remain low over the next 12 months.
File(s): File format is text/html https://www.philadelphiafed.org/consumer-finance/mortgage-markets/cfi-covid-19-mortgage-refinancing
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Consumer Finance Institute Research Briefs and Special Reports
Publication Date: 2020-09-21