Mortgage refinancings set to surge to a 17-year high

Even as other parts of the economy tank, lenders will originate $1.5 trillion in refis in 2020, a 51% jump from 2019, according to the forecast. That would be the highest level since 2003 when $2.5 trillion of mortgages were refinanced, according to data from the Mortgage Bankers Association.

AT iFinance Mortgage Inc, we are taking many new applications each day for purchases and re-finances. Reach out to John Rodriguez today for more information on today’s lending guidelines and interest rates. We look forward to helping you! 949-456-7056 or jrod@ifminc.com.

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