Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as #mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller. http://www.housingwire.com/articles/38737-refinance-well-drying-up-rising-interest-rates-shrink-pool-of-eligible-borrowers-again ❤️ #share #mortgage