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An Estimated 250,000 Expected To Refinance From FHA To Conventional In 2017
Monday, March 13, 2017 3:49
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from CoreLogic
– this post authored by Sam Khater
Most of the attention surrounding the higher mortgage rate environment has been on the negative impact on the mortgage refinance market. However, that overlooks the fact that there are reasons a borrower may want to refinance in a modestly higher rate environment. For example, borrowers who have built sufficient home equity may want to cash-out some equity or refinance out of FHA to eliminate mortgage insurance premiums even when rates rise.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201703130521
