Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD

All through the year, affordability issues dented homebuyers' sentiments. Elevated interest rates also stretched their income. However, the Federal Reserve's recent dovish stance lowered mortgage rates and boosted refinancing activities. This makes PennyMac Financial Services, Inc. (PFSI) , Velocity Financial, Inc. (VEL) and Guild Holdings Company (GHLD) enticing buys at the moment. Let's have a closer look – Freddie Mac Report: Mortgage Rates at 2-Year Low For the week ending Sept. 26, the 30-year fixed mo ...