Top 10 States by Refinance MDI Spread to Purchase MDI, 4Q 2020
In Florida, the higher refinance index reflects the concentration of demand as a share of home values. Across the state, the average home value of iLeads.com tracked refinance demand is 16% higher than the tracked purchase mortgage demand. The gap is wider within Florida metropolitan areas, at 27%, with demand concentrated in the Miami-Fort Lauderdale, Orlando, and Tampa-St. Petersburg metro areas.
https://tovodata.com/tovodata-mortage-demand-index-report-4th-quarter-2020/
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