Refinancings are comprising their lowest portion of the mortgage industry in more than 20 years. In 2017, the industry research group Inside Mortgage Finance reported that just 37 percent of mortgage-origination volume happened due to refinancings, which is the lowest level since 1995, according to the Wall Street Journal. The number is expected to drop again this year. Refinancing activity dropped by $366 billion in 2017, while the overall mortgage market dropped about 12 percent […]
source https://therealdeal.com/2018/03/26/mortgage-rates-are-going-up-and-homeowners-are-abandoning-refinancings/
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