DID YOU KNOW? Over the past 20 years, the share of Americans working in their 70s has risen from less than 10% to nearly 15%, according to US Census Bureau data.
DID YOU KNOW? There are now about 5.9 million borrowers who could see their rates drop by at least 75 basis points by refinancing their mortgages. That is an increase of 2 million in just the past month, according to Black Knight. That is the largest population of eligible candidates in nearly 3 years and represents an aggregate of $1.6 billion in potential monthly savings. Per borrower, the savings is about $271 per month. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage News Daily. (CNBC)