Latest News

Mortgage Rates Highest in 6 Months; Refinance Activity Will Slow

0

by Calculated Risk on 10/11/2021 12:01:00 PM

Today, in the Newsletter: Mortgage Rates Highest in 6 Months

Excerpt:

The general rule of thumb is refinance activity will be strong if current mortgage rates are 50bps lower than the maximum of the previous year (this is just a general rule – but it works pretty well).

The following graph shows the MBA Refinance Index (Blue) and the change in mortgage rates (Red). The change is calculated as Maximum in Previous Year minus the current rate). When the red line is above 0.5% (more than 50bps decline in mortgage rates), then refinance activity generally picks up.

Please subscribe!

Housing Inventory Oct 11th Update: Inventory Down Slightly Week-over-week

Previous article

Goldman on Housing: "Multi-year boom in home prices"

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News