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Are Refinances Back on the up and up?

Late August was an interesting time in the mortgage world. Here’s what we saw:

  • Mortgage applications increased 2.8%
  • Refinancing activity increased by 4%
  • The market shares of refinancing activity increased 1.1%

These are some pretty large changes. Changes that have lead to the question “Are Refinances Back on the Up and Up?”. The answer is yes—it certainly appears that refinances are becoming popular once again.

So, what does this mean for you?

It means that refinancing might be something you want to consider. That’s why we’ve created this post. In it, you’ll find all the basic information you need to determine if refinancing is something that can help you.

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How Airbnb is Messing with People’s Refinancing Options

One of the things that’s so interesting about modern technology and business is that most of it is brand new. There’s no blueprint for things like ecommerce, social media, mobile banking, etc. With each new brilliant invention or idea, there’s always a hang up/problem that was neither thought of nor predicted. Airbnb homeowners are now finding this out.

Airbnd homeowners have unknowingly put themselves in a situation where refinancing without increasing rates is almost impossible. Here’s why:

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