Rising mortgage rates spark refinance slump, though millions could benefit

Author: External Author | Apr 14, 2021 | Categories: Bad Credit Mortgage Program , First Time Home Buyer Mortgage , Mortgage Agent , Mortgage and Tax Arrears , New Home Purchase Mortgage , New to Canada Mortgage Program , No Down Payment Program , Real Estate Broker , Real Estate Investor , Second Mortgage

The ongoing surge in the nation’s mortgage rates has taken another bite out of refinance demand among homeowners. Though would-be homebuyers are showing a sustained appetite for the spring housing market, applications for refi loans have fallen to the lowest level in six months, according to a leading mortgage lenders trade group.

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Original Article Source Credits: yahoonews, https://ca.news.yahoo.com

Article Written By: Clayton Jarvis

Original Article Posted on: March 18, 2021

Link to Original Article: https://ca.news.yahoo.com/rising-mortgage-rates-spark-refinance-190600508.html