18% of Homeowners Will Refinance this Year
Because of historically low interest rates, 18 percent of all U.S. households with mortgages will refinance this year, according to The Wall Street Journal. Jay Brinkmann, chief economist of the Mortgage Bankers Association said that rates for 30-year fixed-rate mortgages are likely to be in the 4.6 percent to 4.75 percent range through the summer.