The pandemic's main impact on the housing market has been to boost activity to almost maniacal levels after the Federal Reserve drove interest rates down.The combination has caused a burst of energy in the sector that is one of the few bright spots in our otherwise woeful economic situation."We are, as an industry, running at two to three times the normal capacity of loans," Felsman says. "For the first few months, we were working on adrenaline and treating it like a sprint, but it's turned into a marathon. We have to give priority to folks buying homes, and, on the side, we need to juggle getting as many people to refinance as we can. We are absolutely at maximumâbeyond maximum."Despite this pressure-cooker environment, potential refinancers shouldn't hesitate to jump in.