Mortgage rates fell to 6.45%, sparking a potential refinance wave, and they could reach 5% by 2026 as the Fed considers multiple rate cuts.
Refi wave is swelling
While lower rates are beneficial for potential homebuyers, the mortgage industry may start to see the leading edge of a refinance wave that could propel business through the end of 2025. ICE Mortgage Technology reported earlier ... [4504 chars]