Ann Owen, the Henry Platt Bristol Professor of Economics, spoke with The Christian Science Monitor for an article titled “Time to refinance your mortgage? Rates hit historic lows” published on Sept. 27. She discussed the current inflation rate as it relates to fixed-rate loan rates and how increased housing and mortgage demand might change borrowing rates. She also addressed the possible effect of Federal Reserve actions.
The article reported Owen’s observation that although mortgage rates are low, not everyone will qualify for refinancing. “There is still evidence credit standards are pretty tight.”