|We're in a very mobile society. People are constantly on the move and, therefore, selling and buying. Then, there are those steadfasts that stay in their homes for decades. Those latter are the ones that refi to remodel, vacation, pay bills, etc.|
That being said ... the refi business is not booming like it was during 2020-2021. But, it still exists. IMO, the vast majority of us don't see it because we're not involved with RON. RON has taken its toll on our business, as we know it. However (and, this again IMO), in a few years, RON will also bring us more business - when the illegal RON activity is discerned, all those files will have to be re-signed.