As mortgage interest rates hit a three-year low, loan applications have risen by 22%, according to the Mortgage Bankers Association. Meanwhile, mortgage refinance applications increased 300% last week as compared to the same period in 2018. This increase will help stimulate sagging economic growth by putting extra cash in the hands of homeowners.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
