Mortgage Refinance Applications Rise Amid Low Rates
February 18, 2020 at 08:00 AM EST
The coronavirus is spurring a safe haven move to bonds, thus driving yields down even further, but this is all good news to home buyers and especially current homeowners who want to refinance their homes. With rates low, a rise in mortgage applications rose 1.1% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.