Refinance Market Withers in Early 2010, Sending Mortgage Production Volume Sharply Lower
April 29, 2010
Mortgage interest rates stayed at historically low levels in early 2010, but there were fewer mortgage borrowers prepared to take advantage of refinance opportunities as new originations tumbled significantly, according to a new Inside Mortgage Finance ranking and analysis. A total of just $320.0 billion of new residential mortgages... [Includes two charts and one graph]