April 1st, 2019
It’s officially Q2, and more good news is coming down the pipe. Last week’s massive drop in rates (22 basis points, to be exact) is expected to spark a flurry of refinance activity in the coming months. Black Knight helped quantify that spark for us, stating that 4.9 million US homeowners are now able to decrease their interest rate by at least 0.75%, which opens up huge opportunities to refi lenders and loan officers. This comes just 4 months after the refi market hit a decade low. Not only is the number of refinanceable borrowers shifting drastically and swiftly, but it’s actually now approaching a 2-year high.
If you thought the refi world was dead and gone, now is the time to shift gears and liven back up because massive opportunity is waiting.