Loan refinancing activity has boomed recently. Nearly 19,000 MA single-family home loan refis were recorded in February.

That’s a 22 percent increase from a year earlier and a huge improvement from late summer and fall.

Refi activity slumped from August to December when there were fewer than 10,000 refis a month, according to The Warren Group.

In January, the numbers jumped, with a total of 13,547 single-family home loan refis. In February, that number climbed to 18,952 – almost triple what it was in November.

Low mortgage interest rates are luring more homeowners to refinance.

Federal efforts to enable property owners who have a high loan to value ratio to take advantage of the attractive rates could also boost refi activity.

Not surprisingly, purchase mortgage activity has been on a downward trend since last June as home sales declined.

A total of 1,485 purchase mortgages for single-family homes were recorded in February, the worst February in at least five years.

About 20 percent fewer loans were recorded in February than a year earlier.

Source: Warren Group

Boston Real Estate for Sale and Beacon Hill Apartments for Rent


New Boston Condos for sale just listed TODAY

Sorry we are experiencing system issues. Please try again.

Click Here: Back to Boston Real Estate Home 

Call Now