You’ve heard of time healing all wounds, but what about low rates healing the mortgage and housing markets? It’s not that either was particularly distressed, but both have benefited in a major way from the recent drop in rates. Perhaps even more important has been rates’ ability to HOLD at or near long-term lows for 2 full weeks now.
Source: Kevin Litwicki Universal Lending
Low Rates Lighting a Fire Under Housing/Mortgage Markets

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There are refi booms and then there are refi booms. Numbers were never higher than they were on several weeks in 2009 and they were never “extremely elevated for nearly 2 years” like they were from August 2011 through May 2013. It would take some doing to get back to those levels, but relative to the past few years of refi demand, things are picking up quickly.
Source: Kevin Litwicki Universal Lending
Time For the Next Refi Boom?

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Last week saw an unexpected drop in rates as trade war headlines rocked financial markets. Things looked set to calm down this week, but the drama continued. This time around, mortgage rates were able to keep slightly better pace with the broader bond market. The result is a return to levels that are very close to the lowest in more than a year.
Source: Kevin Litwicki Universal Lending
Rates Near Lowest Levels in Over a Year

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