Posted by Joseph_CA on 5/4/05 9:32am
Msg #35727

The new increase of Interest Rate

Could it mean that refi will still go slower than what already are?

Reply by Deth Nell MA on 5/4/05 9:34am
Msg #35729

It will kill this biz---get out now!

Reply by Dan_CA on 5/4/05 9:59am
Msg #35737

Yes, Deth Nell, please get out and take about 1,000 SoCal notaries with you.

Reply by Anon on 5/4/05 11:16am
Msg #35754

Is that handle kind of like a death knell?

Reply by Bobbi in CT on 5/4/05 9:49am
Msg #35735

My personal guess

The slow creap up in rates will level refinancing off to pre-2003 levels, which was work but not the full-speed ahead, 24/7 income that many have become used to.

In my area there is a lot of home improvement going on, but this is being funded by HELOCs and seconds that were taken out in previous months.