Tag: refinance

Cash-Out Refinances Gaining Share, but Not the Macro Impact that You Might Think

December 01, 2017 by Zelman & Associates

Last week, Freddie Mac released its quarterly refinance statistics for 3Q17. The analysis uses a sample of properties where Freddie Mac has funded two successive conventional, first-mortgage loans, and the latest loan is for a refinancing. ...

What is Impact to Home Improvements as Refinancings Collapse?

February 10, 2017 by Zelman & Associates

Since the presidential election, the 10-year Treasury yield has increased approximately 50 basis points, driving 30-year fixed mortgage rates up a similar amount. With the average 30-year rate in 2017 expected to increase at least 60 basis ...

Where is the Floor for Mortgage Refinance Demand in 2017?

December 16, 2016 by Zelman & Associates

At this point last year, 30-year fixed mortgage rates were expected to average approximately 4.10% in 2016 and we predicted refinance volumes to decline 30% for the year. Instead, volatile financial markets to begin the year, slowing macroeconomic ...

Why Don’t More Consumers With Elevated Rates Refinance?

July 15, 2016 by Zelman & Associates

In its most recent weekly survey of mortgage rates, Freddie Mac reported that the national average for a 30-year fixed-rate product was approximately 3.40%, only 10 basis points higher than the historical low posted in late 2012 dating back ...