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Is Q1 the last quarter to ride the refinance wave?

Lenders may have one last quarter to ride the market’s massive refi wave after Monday data from Black Knight’s Mortgage Monitor Report revealed that despite rising interest rates, Q1 2021 refinance lending volumes are poised to remain near last quarter’s meteoric high.

“Roughly 2.8 million homeowners refinanced their mortgages in the last quarter of 2020, which saw a record-breaking $869 billion in refinance lending,” said Ben Graboske, Black Knight’s president of data and analytics.

A whopping $4.3 trillion in mortgages were originated in 2020, with $2.8 trillion in refis, and Black Knight is confident lenders should still be able to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com