Is It Too Late to Get In on the Summer 2016 Refi Boom?

Posted from: http://www.zillow.com/blog/summer-2016-refi-boom-202944/

Good economic news isn’t always good for mortgage rates. A stark reminder of this came Friday, August 5 when new data showed that the U.S. economy added 255,000 non-farm jobs in July, blowing out consensus forecasts of just 180,000, and immediately sending rates higher.

Does this mean your 2016 refi window has closed? Let’s take a closer look.

Rate Markets 101

Before we examine where rate…

Posted from: http://www.zillow.com/blog/summer-2016-refi-boom-202944/

Good economic news isn’t always good for mortgage rates. A stark reminder of this came Friday, August 5 when new data showed that the U.S. economy added 255,000 non-farm jobs in July, blowing out consensus forecasts of just 180,000, and immediately sending rates higher.

Does this mean your 2016 refi window has closed? Let’s take a closer look.

Rate Markets 101

Before we examine where rate…

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