Rate Decline in January Opened Refinance Opportunity for Nearly 5 Million Homeowners — RISMedia

Early January declines in mortgage rates unlocked refinance opportunities for nearly five million borrowers and helped push affordability to a four-year high, according to the February Mortgage Monitor released Feb. 9 by ICE Mortgage Technology, a provider of an end-to-end mortgage platform. 

According to the analysis, “Even small reductions toward 6% rates…