Originally Posted by
All 5 Stages
Folks are refinancing from "historic low" interest rates a few years ago, to this new historic low. Friend of mine at a major Bank says their underwriting department is backlogged at least 2 months i.e. your closing date is 2 or 3 months from when your loan application is completed. Cray-cray.
A5S
My friend in the industry who is going gangbusters believes they're doing some of their last refinance business for a decade. Lucky for her she's about to retire.