Two years ago, nine out of 10 mortgages had rates below 5 percent. Today, there are 5.8 million fewer sub-5 percent mortgages in the market and 1 in 4 borrowers has a higher rate.
Source: Inman News
Fewer homeowners constrained by mortgage lock-in effect
Published in cash-out refinancing, lock-in effect, Markets & Economy, Mortgage, mortgage rates, mortgage servicing, refinancing and Select
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