Top Markets Where Owners Are Most Eager to Lower Mortgage Payments

As mortgage rates hover near historical lows, homeowners have eyed taking advantage of them to lower their monthly payments. Refinancing dollar volume was up a whopping 138% in the fourth quarter of 2019 compared to a year ago and was at the highest level since the first quarter of 2013, according to a new report from ATTOM Data Solutions, a real estate research firm. That report also was before mortgage rates took a record-breaking dip at the beginning of March, when Freddie Mac reported the 30-year fixed-rate mortgage averaged 3.29%.
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