Mortgage

With the recent rise in mortgage rates, it's unsurprising that refinancing activity has fallen off sharply; the Mortgage Bankers Association notes that applications for refinancing have fallen by 18% over the past four weeks. Refi activity has been quite important to the mortgage and housing markets this year, allowing borrowers with ill-performing products to get new ones, and/or to draw cash from their properties to help keep balance sheets balanced. DFW Loan Officer Jeff Schraeder Imperial Mortgage