The refi boom continues. Interest rates still favorable for now and the foreseeable future. Investors will continue to favor real estate because they haave been burned in the stock market and they are not tempted to daytrade houses. And the killer reason is that most home owners can avoid income taxes even on very large gains. People hate to pay taxes so this is an irresistible reason to buy housing and the bigger the house the better.
I agree, people do hate taxes. I just hope everyone realizes the if the power shifts people like tom dashal will be sure to repeal the free cap gains on housing, maybe start with what they think are rich people, like all houses above 200,000.00 hahaha remember you heard it hear first. But at least we are safe for the next 3yrs as long as bush is in.
when a refinance is done does the title insurance cost less than when buying a home? I don't really understand how it works. also this place is spam city, I think 5 out 6 mess I read were all spam.....I have bought some REITS that do morgage refis because I agree with you most refis done in a long time this quarter, I have even refinanced at a lower rate with no pts even though I put 3pts down 4ys ago...the 2 reits I have are NLY and AXM, look at them and tell me what you think. later man...
I don't know the details on how title insurance works in refi's. I am strictly going on the basis that in the past when there was great activity in refi's the title companies made a lot of money. I also happen to think refi's will go on for a longer period of time than the market does. Rising interest rates don't concern me for six months or a year.