Homeowners Get in Front of Rising Rates at Year-End

Homeowners seized the opportunity to refinance their mortgages at the end of 2016, locking in interest rates on the uncertainty whether they would rise higher in the new year.
According to ATTOM Data Solutions’ Q4 2016 U.S. Residential Property Loan Origination Report, 883,836 refinances totaling $246 billion were originated in the fourth quarter of 2016, a 20 percent increase—and 27 percent increase in dollar volume—from the previous year. Purchase originations moved opposite: