Refinancing usually follows a simple pattern.
When rates drop, activity rises.When rates rise, activity slows.
But there’s another factor that’s becoming more important in the background:
housing...
On paper, it looks like an obvious opportunity.
Home values have risen.Equity levels are historically high.Access tools like HELOCs and cash out refinancing still exist.
So...
Most homeowners don’t make bad decisions on purpose.
They just focus on the wrong number.
When it comes to mortgages and refinancing, the biggest mistake isn’t...
