Sober Look: US mortgage refinancing activity going strong - for those who are eligible

Sober Look: US mortgage refinancing activity going strong - for those who are eligible

 As the US mortgage rates continue to decline to new record lows, the refinancing activity for those who are eligible has been quite robust. Just when borrowers sign the papers for a new mortgage (particularly in situations when the bank covers the closing fees), they are ready to refinance again. Some households have done this more than once this year alone.