It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, average 30-year mortgage rates in the 2% to 3% range were a boon for business. Mortgage lenders originated $2.57 trillion in refinance…
The post What Lenders Should Do Now to Capitalize on a Potential Refinance Rebound in 2024 appeared first on RISMedia.
