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By Inman
News, Tuesday, March 24, 2009.
The Federal Reserve’s initiatives to keep mortgage rates down are spurring a
rush to refinance that will test the operational capacity of lenders, but
low rates won’t translate into higher home sales unless unemployment
stabilizes, the Mortgage Bankers Association said today.
The MBA has dramatically revised its forecast for 2009 mortgage
refinancings, saying it expects lenders will fund $1.96 trillion in
refinance loans this year.
That’s an $824 billion increase from last month’s forecast, when the MBA
said it expected $1.13 trillion in refinancings in 2009. Last year, by
comparison, lenders refinanced only $765 billion in loans.
Read more
Continuing Education for Title Agents
Free classifieds for the
Title Industry
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By Inman
News, Tuesday, March 24, 2009.
The Federal Reserve’s initiatives to keep mortgage rates down are =
spurring a
rush to refinance that will test the operational capacity of lenders, =
but low
rates won’t translate into higher home sales unless unemployment =
stabilizes,
the Mortgage Bankers Association said today.
The MBA has dramatically revised its forecast for 2009 mortgage
refinancings, saying it expects lenders will fund $1.96 trillion in =
refinance
loans this year.
That’s an $824 billion increase from last month’s forecast, when the =
MBA
said it expected $1.13 trillion in refinancings in 2009. Last year, by
comparison, lenders refinanced only $765 billion in =
loans.
Continuing Education for Title Agents
Free classifieds for the Title =
Industry
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