Interest rates predicted to rise
By Brena Swanson | HousingWire
Approximately 5.2 million borrowers could likely both qualify for and benefit from refinancing, but it’s possible that this number will be slashed in half by the end of the year.
Black Knight Financial Services’ latest Mortgage Monitor report, which is based on data as of the end of November 2015, said that a 50 basis point rise in interest rates would eliminate 2.1 million potential candidates from refinance eligibility. A 1% rise in interest rates would eliminate 3.1 million.
