ReFi Boom Starting?

D

dougcs

FWIW-a friend who works at a very large title company told me earlier this week that they are seeing a 40-50% increase in ReFi's.

DS
 
Good thinking for many. Take out as big a loan as you can get on your house, then don't make any payments. Uncle Sam will be there to bail you out.

Free money! Woo hoo! Why pay for your house if the taxpayers are ready to foot the bill?
 
Quote from TGregg:

Good thinking for many. Take out as big a loan as you can get on your house, then don't make any payments. Uncle Sam will be there to bail you out.

Free money! Woo hoo! Why pay for your house if the taxpayers are ready to foot the bill?
More...

Are they giving out t-shirts? I like t-shirts.....
 
Quote from krazykarl:

Are they giving out t-shirts? I like t-shirts.....
More...

Don't know. How many lobbyists does the Silk Screen Printing industry have?

Man, talk about a growth industry. Is there any publicly traded lobbyist company? We could clean up!
 
Is that a 40-50% increase in actual refis or applications?

And what percentage of apps are getting approved these days?

Screw the T-shirt. I want a pony.
 
Rates are down and alot of 5/1 ARMS from booming 04 will have to refi in the next year..
I don't see the mystery here..
 
Quote from dougcs:

FWIW-a friend who works at a very large title company told me earlier this week that they are seeing a 40-50% increase in ReFi's.

DS
More...


Yes, but that is after about a 50% decrease over the last 2 years - so a 50% increase from that dismal figure is still 25% less re-fi's than normal.

Also, most are rate/term only, not cash out, because not many have much equity, so it won't help consumer spending much, just help more folks survive the downturn.

Plus, many applications will fall out/not close due to too tough standards.

(I am in real estate/mortgage industry, these are facts, FWIW)
 
You must log in or register to reply here.
Back
Top