Has the Refinancing Surge Come to an End?

The fervor for cashback incentives reached its peak in 2023, with lenders aggressively offering rewards of $5,000 or more to entice borrowers into refinancing their home loans. Fast forward to 2024, and the landscape has shifted dramatically. The allure of cashback offers has dwindled, with fewer lenders participating and reduced payout amounts, averaging around $2,000. [...]