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Is ReFi activity slowing?
Posted By Barry Ritholtz On June 10, 2005 @ 10:00 am In Fixed Income/Interest Rates,Real Estate | Comments Disabled
Prior to July 2003, mortgage refinancing activity seemed to track movements in interest rates fairly closely. Since then, however, homeowners have been less than responsive.
Have we hit the limits to growth in the refi market? If so, it may be another hint that the home-as-ATM phenomenon has come to an end.
The real question is whether homeowners are scaling back of their own accord — or whether circumstances have forced them to.
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