Fitch Ratings

Maybe low rates aren’t a panacea? Fitch throws cold water on presumed mortgage lending boom 

With mortgage rates holding steady near three-year lows for several weeks, some observers began suggesting that there could be a surge in mortgage lending industry. And while recent data suggests refinances are rising as expected, could low interest rates not be the cure-all that many believed they would be for a mortgage market that was expecting a down year? One observer certainly thinks so.