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Home » Store » Taxable » Expectation of More Fed Action on Interest Rates Drives Refinancing Activity to Near 1998 Levels

Expectation of More Fed Action on Interest Rates Drives Refinancing Activity to Near 1998 Levels

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Market anticipation of further Federal Reserve Board rate cuts is fueling heightened mortgage refinancing activity and fanning market expectations of another boom year in mortgage originations, according to mortgage industry economists. This week, refi activity made up 64.4 percent of total loan applications, from 54.6 percent last week, according to data released by the Mortgage Bankers Association of
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