Black Knight: Falling Rates, Rising Home Prices Have Boosted Re-financeable Population – MortgageOrb
Due to falling mortgage interest rates and rising home prices, about 9.4 million homeowners currently stand to gain from refinancing their mortgages, data from mortgage software firm Black Knight shows.
These are homeowners in good standing who have at least 20% equity in their homes and credit scores of 720 or higher, according to the firm’s most recent Mortgage Monitor report.
These homeowners could cut their current interest rate by at least 0.75%, saving an average of $264 per month, the firm’s research shows.
Source: <a href=”https://mortgageorb.com/black-knight-falling-rates-rising-home-prices-have-boosted-re-financeable-population”>Black Knight: Falling Rates, Rising Home Prices Have Boosted Re-financeable Population – MortgageOrb