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by MSM
1476 days ago
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Nearly everyone should have been qualified- many folks couldn't take advantage or had a low enough balance that it didn't make sense. I don't have the raw numbers, they're almost all paywalled off, but you can see the recent volume of refi has been a multiple of each quarter from 2013 through 2019. https://www.attomdata.com/news/market-trends/mortgage-origin... The total outstanding residential mortgages today are roughly $12T. Since 2020 onward, over $5T in volume has been refinanced. That's a large portion of the population with a mortgage that is very early in its lifespan. https://www.statista.com/statistics/205946/us-refinance-mort... |
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