Refinance or Purchase a New Home? How to Help Your Customers Decide What is Best for Them

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Towards the end of 2020, mortgage rates hit historic lows thanks in part to the COVID-19 pandemic. As a result, millions of homeowners realized they could refinance — or afford a new home — and mortgage applications rapidly rose. By December, rates had dropped down to 2.67% for a 30-year fixed-rate — more than a full percentage point lower than the 3.7% average … Read More