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The phrase "a wave of refinancing" is correct and usable in written English.
It can be used to describe a significant increase in the number of refinancing transactions occurring within a specific timeframe.
Example: "The recent drop in interest rates has led to a wave of refinancing among homeowners looking to lower their monthly payments."
Alternatives: "surge in refinancing" or "spike in refinancing".
Exact(9)
The lower rates spurred a wave of refinancing and home buying.
A wave of refinancing by homeowners has declined as mortgage rates have inched upward, she said.
A wave of refinancing that will hit private-equity-owned firms over the next few years may prove profitable for distressed-debt funds.
Fuel prices have dropped, low mortgage rates on houses have touched off a wave of refinancing, and the last of the federal tax rebate checks arrived.
FINANCIAL TIMES Refinancing Plan Seen as Weak | Mortgage bonds whose underlying loans have high interest rates were trading higher, suggesting that investors were not concerned about a wave of refinancing under a government plan, The Financial Times reports.
The risk that mortgages will be prepaid has grown steadily in the last three years, Mr. Auwaerter said, because historically low interest rates have prompted a wave of refinancing.
Similar(51)
Wells Fargo confirmed a surge in earnings buoyed by a wave of mortgage refinancing.
The sharp drop in interest rates has also brought a wave of mortgage refinancing.
Of greater concern, they said, is that household finances are stretched after a wave of home mortgage refinancing (including tradeups to larger homes with less equity in the second home).
Mr. Kleintop says that this could lead to a new wave of refinancing, which could promote more consumer spending.
This drove mortgage rates down and prompted waves of refinancing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com