Mortgage Refinance Wave Seems Unlikely As Market Activity Yo-Yos Up and Down
October 14, 2010
A genuine, sustainable refinance boom in the near future seems unlikely despite the near-historic low rates available to borrowers, according to industry analysts. There is “no refinancing wave in sight,” said Barclays Capital analysts Derek Chen and Wei-Ang Lee in a recent report. Recent “prepayment speeds came...