Millennials Drive Mortgage Refinance Boom, and Lenders are Scrambling
CNBC, Aug. 9, 2019--Diana Olick
Mortgage interest rates have been falling since May, so borrowers, especially millennials, are rushing to refinance. Applications to refinance were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has lenders scrambling to keep up.