In late-November, the Federal Reserve pledged $600 billion to buy mortgage-backed securities. The announcement drove down mortgage rates and started the Refi Boom. Then, the Federal Reserve made a second series of statements after its scheduled meeting last Tuesday, causing mortgage rates to plunge again. This started the Refi Boom’s second wave. Because of the surge […]
Good News for Re-fis May Slow Closing Time for Sales
December 30th, 2008 · Comments Off on Good News for Re-fis May Slow Closing Time for Sales
Tags: Economy · Mortgage Lending · Real Estate