Freddie Mac Issues Warning As Mortgage Rates Soar

Thursday, December 15, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Dec 15, 2016

Blink, and you missed your chance to refi. And according to nationalized mortgage giant Freddie Mac, it’s about to get worse.

As shown last week, as a result of the recent spike in yields, the population of eligible refinance candidates has already plunged by more than half. As Black Knight pointed out, as of the end of November, though there are still 2M borrowers who could save $200+/month by refinancing and a cumulative $1B/month in potential savings, this is less than half of the $2.1B/ month available just four weeks ago.

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