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FHA Streamline Refinance  FHA Streamline Refinance

Refinancing can be a great option for homeowners seeking to lock in today's historically low interest rates. The process -- collecting documentation, arranging a home appraisal -- can be both tedious and time consuming. Fortunately, many borrowers are eligible to take advantage of the FHA Streamline Refinance, which reduces much of the work involved in the process.

FHA Streamline Refinance + Low Rates = Opportunity  FHA Streamline Refinance + Low Rates = Opportunity

Owners of FHA mortgage have been refinancing them at a steady clip over here at PennyMac in recent weeks. In fact, nationwide, FHA refinance volume has been at an all-time high, more than doubling week over week. Why? Well, the lowest mortgage rates in history definitely help, but also changes in the FHA Streamline Refinance Program make the idea of refinancing a slam dunk for many borrowers.