With interest rates dropping, and home values increasing, millennials have taken action and are a driving force in the home refinance market.
A recent article from APNews.com they quotes Joe Tyrell, C.O.O. at Ellie Mae Millennial Tracker saying: “Throughout 2019, we’ve seen millennials refinancing in order to take advantage of low interest rates and in September about one out of every three loans closed by this demographic was a home refinance, the highest share we’ve seen since we launched the Millennial Tracker in January 2016.”
The article includes good insights into the refinance market. Read the full article here: Millennial Home Refinance Boom Reaches New Heights, According to the Latest Ellie Mae Millennial Tracker
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