Mortgage holders look to refinance

Tue, 22 Jun 2021

Mortgage brokers report a surge in inquiries about refinancing as homeowners seek to protect themselves against rising interest rates.Brokers are also reporting seeing fewer investors and first-home buyers, although their reluctance to participate in the market has lessened a little.Economist Tony Alexander's latest survey of brokers found a net 25% said they're receiving more inquiries about refinancing, a turnaround from the net 3% last month who said they were receiving fewer such inquiries."It is natural to expect debtors to se...

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