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News & Press: Industry News

Refinancings Surge Ahead

Tuesday, August 20, 2019  
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According to a recent forecast from the Mortgage Bankers Association, the drop in mortgage rates may result in refinancings reaching a three-year high this quarter. The MBA estimates that refinances will total $180 billion in the third quarter, the highest since the $265 billion of refinancings in the fourth quarter of 2016. The refi share of total mortgage originations is estimated to be around 33% in the current quarter.

California Land Title Association


1215 K Street #1816 Sacramento, CA 95814-3905
Email: mail@clta.org  |  Phone: 916-444-2647  |   Fax: 916-444-2851