Refinances on the Rise in Tri-Cities - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Refinances on the Rise in Tri-Cities

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KENNEWICK, Wash.- Mortgage brokers say refinances are on a sharp rise in the Tri-Cities.

Homeowners are taking advantage of near record low mortgage rates.

Rates are as low as 5.5%.  

Brokers say nearly half of their business in the last month is from refinances.  

Title companies report a 30% to 40% increase in business from this time last year.

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