We fell short of our Fall Fundraiser goal of 2,500 donations. Help us catch up ⏩ Give Now

Could falling interest rates mean a pick-up in hiring by mortgage lenders?

Meghan McCarty Carino Apr 3, 2019
HTML EMBED:
COPY
Pedestrians pass by a sign advertising low refinance rates at a US Bank office in San Francisco, Calif. Justin Sullivan/Getty Images

Could falling interest rates mean a pick-up in hiring by mortgage lenders?

Meghan McCarty Carino Apr 3, 2019
Pedestrians pass by a sign advertising low refinance rates at a US Bank office in San Francisco, Calif. Justin Sullivan/Getty Images
HTML EMBED:
COPY

It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the US could benefit, saving hundreds of dollars a month. But is it a boon for the businesses that make those loans? What difference does the refinancing boom make for lenders?

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.