New demographic emerges as longest refinancing boom ends

refinancing boom

refinancing boomBy Jann Swanson | Mortgage News Daily

Freddie Mac has officially declared that the refinancing boom is over.  The company’s Refinance Report for the second quarter of 2014 said that the longest refinance boom in the 24 years since it started keeping records officially ended in the second quarter.  That occasion was marked when the share of mortgages originated for refinancing fell below 50 percent for the first time since the third quarter of 2008.

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