While mortgage rates stay under 3%, homeowners race to refinance
Mortgage rates below 3% have brought homeowners stampeding back to the refinance market.
A sharp rise in refi demand is driving an increase in overall mortgage applications, a new report shows.
Refinancing to take advantage of mortgage rates that remain far below historical averages can be a smart play. Because with the economy recovering and over 116 million Americans now fully vaccinated against COVID-19, sub-3% rates may not be around much longer.
https://finance.yahoo.com/news/while-mortgage-rates-under-3-232100518.html
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