Quick Mortgage Refinancing

A recent spike in mortgage rates has slowed the number of applicants applying for mortgage refinancing. In the past several weeks rates have gone from as low as 4.75% to higher than 4.91% at the end of business last week. This rate increase has cooled what was a hot mortgage refinancing market. With the opportunity to lower mortgage rates consumers were left with more cash in hand at the end of every week, driving up consumer spending and fueling the market across the board.

Filed under: Mortgage Refinancing News