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.

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Consumer Finance Institute Research Briefs and Special Reports

Publication Date: 2020-09-21

Pages: 17