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Marketplace Morning Report

A naming rice agreement

May 23, 2019

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Make Me Smart with Kai and Molly

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

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

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?

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