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Refi Bubble

Refi Bubble Definition

Refi Bubble refers to the period when many existing debts are substituted with new debts with different terms. Borrowers refinance home mortgages when interest rates fall to take advantage of lower interest rates. For example, mortgages and credit card debts can be refinanced. Banks charge fees for prepayment of a loan, therefore borrowers need to consider if refinancing is really favorable for them.

RELATED TERMS
Refinance
Refinancing
RELATED CATEGORIES
Real Estate







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