Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing

Millions of Homeowners Could Refinance and Save Money: Why Don’t They?

IMG Auteur
Mish
Global Economic Analysis
Published : May 24th, 2016
110 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Georgia
Disclaimer
Category : Opinions and Analysis

According to Black Knight’s April “Mortgage Monitor” millions of homeowners could refinance their mortgages and save money.

Yet, despite interest rates hovering near 3-year lows, prepayment speeds, historically a good indicator of refinance activity, fell in April.

The April “Mortgage Monitor” builds on March analysis of refinance candidates. Here is the pertinent chart from last month.

Refinance Candidates

24hGold - Millions of Homeowne....

Roughly 2.3 million people could refinance their mortgages and save money doing so. That assessment was based on an FHLMC Mortgage Rate of 3.58% on April 14.

A quick check shows the rate is still 3.58% as of May 19.

Apparently people do not want to save money.

Mike “Mish” Shedlock
Source : mishtalk.com
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold