Tag Archive: mortgage refinance


Rate Nuggets: The Nosedive in Refinancing

Mortgage regulation and higher rates changed the game in 2018, lowering the amounts borrowers could qualify for by up to 20% and reducing the incentive to renegotiate for a better rate. That had clear implications for refi volumes. Using┬áTeranet‘s 2018 Ontario data as a guide, the number of borrowers: refinancing with their existing lender plunged 36% (vs 2017) switching their...