Industry News

Bye-bye real estate refi

Higher interest rates will kill refinancing, Freddie Mac says
Published on May 11, 2004

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by CareyBot

Rising interest rates will reduce mortgage originations in 2004, primarily through a drop in refinancings, according to Freddie Mac’s May 2004 Economic Outlook. The share of refis is expected to come in at about 40 percent of all mortgage originations ...