Higher mortgage rates cut “refi-eligible” population, Black Knight says
Monday, 4 November 2019 () The pool of 30-year fixed-rate mortgages held by people paying financing costs that are 0.75% or higher than current rates dropped to 6.8 million in the last week of October, down from a record high of 11.7 million in early September.
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The Federal Reserve slashed interest rates yet again on October 30, in the third rate cut since late July. To take advantage of the low Fed funds rate, consider consolidating credit-card debt. It's also a great time to think about refinancing those onerous student loans. And despite lower interest...