How A Three-Week Refinance Offer Overheated The Banks
A bank drops a 1.5 percent cashback and the market erupts. We pull back the curtain on the three‑week window that sent refinances and purchases into overdrive, jammed call centres, and turned five‑day turnarounds into sixteen. From the first spark at the end of November to the mid‑December scramble, we trace the arc: who actually qualified, why a 20 percent deposit became the golden ticket, and how falling house values quietly locked out thousands who bought at the peak.
We talk through the messy middle—applications flooding in, one major bank opening and then shutting intake within a week…
The skinny
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