By Jann Swanson | Mortgage News Daily
With mortgage interest rates generally down since the end of last year CoreLogic’s principal economist Molly Boesel took a crack this week at figuring out how much gas might be left in the refinancing engine. In her analysis she added 100 basis points to the current market rate as a measure of a current mortgage rate at which there begins to be an incentive for the borrower to refinance.