The 30-year mortgage rate has dropped to a record low of 2.86 percent and 19.3 million borrowers qualify for refinancing. Andy Walden, Black Knight market research director, and CNBC’s Diana Olick discuss how many homeowners could qualify and how much they could save.
The surge in suburban housing demand has begun and will continue, though after widespread vaccination the trend will abate somewhat. A few people will sit in the suburbs pining for the city, taking advantage of falling rents in urban apartments. Most, however, will be happy with their new digs.