Tag: debt-to-income ratio

Arkansas had 35.6 mortgage refinances per 1,000 households in 2022, below the national average. Changing Landscape: Mortgage Refinances Drop Amid Rising Interest Rates Refinancing applications have dropped due to increased mortgage interest rates. Many homeowners refinance their mortgages to cut interest rates or lengthen the term. Certain refinancing options may also give homeowners cash for…