mortgage refinance Austin TX

March 25, 2020

When To Consider A Mortgage Refinance, Austin, TX?

Here’s the thing: The Mortgage Bankers Association is forecasting USD 1.23 trillion of refinancing originations this year, and that translates to a 37 percent increase from last year. The primary reason? The plunge in government bond yields as Treasuries have fallen to record lows as investors seek a haven from the stock market blow brought about by the covid-19 pandemic. For those who are new to the term, mortgage refinancing is a way of paying off your existing loan and replacing it with a new one. It has several end goals: (1) to obtain a lower interest rate; (2) to make the mortgage term shorter; (3) to convert from adjustable-rate mortgage to fixed-rate mortgage or vice versa. Now, you probably […]