How Has the Demand for Refinancing Services in the US Evolved Over Time?

A house made using folded hundred-dollar bills

Did you know mortgage refinancing in the US reached an all-time high at the end of 2020? The sum of the principal and interest owed on mortgaged properties by December 2020 was approximately $933 billion! In contrast, the value of refinancing originations barely exceeded $100 billion in 2018. This begs the question—what factors caused the…

Read More