Mortgage Bankers Association (MBA)

As mortgage rates tick down, refinances tick up

Credit standards loosen with uptick in cash-out refis and Non-QM loans, MBA reports

CoreLogic determines how many loans would be ripe for a refi if rates drop again

Refinance share reaches its highest level in two-and-a-half years

A slight drop in interest rates is expected to give the market a boost in the second half of the year.

Refinance applications up 85% year-over-year