One of my viewers that writes mortgages, wrote me that the lion's share of their recent financing transactions have actually been refinance deals rather that home equity loans or HELOC's. Wait a minute, why would anyone want to trade in their 3% mortgage rate for an 8% mortgage rate. Simple...people are going broke and cannot qualify for these loans any longer. This economy and housing market is rapidly changing. Hope you can keep up.

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Articles Mentioned in the Video
https://www.ftportfolios.com/Commenta...
https://www.bankrate.com/homeequity/...
https://apple.news/AvZEirZRs2gn_k1F...

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