During the most recent refinancing boom, for example, many homeowners refinanced their home loans two or three times within relatively short periods of time because interest rates kept treading downward, making it extremely attractive to trade in one loan for another. (rismedia.com)
An alternative darker view was that the global financial system was overexposed to land prices in the United States, through the home sale and mortgage refinancing boom that had taken place in the last four years. (newyorkfed.org)
Mortgage payments are the largest recurring monthly expense in many U.S. households, which is one of the reasons why the nation is experiencing a mini refinance boom. (themortgagereports.com)