Interest rates plummet as refinancing transactions soar - Grand Rapids Business Journal
Grand Rapids Business Journal Mortgage volume reaches record levels nationally and that trend is reflected locally. iStock Mortgage interest rates have been on a steep decline since the COVID-19 pandemic started, and as a result, there is a surge in mortgage refinancing. “Low interest rates have created the busiest mortgage environment we have seen,” said Matt Muscat, director of marketing at Treadstone Funding, a residential mortgage lender in Grand Rapids. “We are seeing double to triple the amount of refinance transactions that we were seeing in years previous, while purchase mortgag...
Source: grbj.com