Mortgage Refinance Demand Jumps as Rates Dip

Plus more homeowners refinancing their home loans as mortgage rates turn a little bit lower. One analysis showing that more than a quarter million borrowers could benefit from refinancing right now, the average rate for the common 30 year fixed mortgage edging lower last week, but remains about double what it was a year ago. Rocket mortgage, in a statement to Cheddar News, saying a cash out refinancing can be advantageous in the current environment, adding that homeowners are utilizing home equity to pay down higher interest debt in this overall rising rate environment.