“Lower interest rates historically. banks may not be staffed for a surge in refi activity, as the industry was until recently expecting higher rates.” That sentiment was echoed in the most recent.
Mortgage rates managed to hold relatively steady today. The underlying bond market is catching its breath after an impressive surge toward lower rates throughout August. Some market participants.
The Brexit-induced boomlet in mortgage refinances hit new highs last week. Lower interest rates pushed total mortgage application volume up 7.2 percent last week from the previous week, according to.
Mortgage Applications Continue to Surge on Lower Rates – MortgageOrb Due to a significant drop in mortgage rates, mortgage application volume jumped 21.7% during the week ended Aug. 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
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Refinance Applications Surge on Lower Rates – Purchases Fall Aug 17 2011, 11:24AM The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Application Survey for the week ending.
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Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates.. Volume was 11 percent lower than a year ago, when mortgage rates were 42 basis points lower.
Applications to refinance homes in the U.S. surged last week as mortgage rates retreated to an almost three-year low, adding to signs that cheaper borrowing costs are proving to be a tailwind for.
Weekly mortgage applications surge nearly 9% on lower rates Mortgage application volume jumped 8.9 percent last week, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages decreased to 4.45 percent from 4.55 percent for conforming loans with a 20 percent.
Mortgage applications surge on low interest rates Mortgage apps skyrocket on lower interest rates Trey Garrison was a Senior Financial Reporter for HousingWire.com.
Mortgage application volume jumped 8.9 percent last week, according to the Mortgage Bankers Association. The average rate for 30-year fixed-rate mortgages decreased to 4.45 percent from 4.55 percent for conforming loans with a 20 percent down payment. Refinance applications jumped 12 percent for the week and were 8.5 percent higher than a year ago.