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REFI market Correction
Posted By Robert Treuber, Thursday, May 12, 2022

Here is a link to recent story in the Axios Newsletter

 

https://www.axios.com/2022/05/11/mortgage-refinancing-boom-winds-down

 

Here is the money-quote:

 

The New York Fed's quarterly report on consumer debt and credit, out yesterday, showed a sharp drop in mortgage refinancing activity.

  • Originations of refi loans fell 15%, to $424 billion, in the first quarter.
  • Refi loan originations are down 40% from the first quarter of 2021.

Tags:  Federal Reserve  NY Fed  refi 

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