Mortgage applications soar as refinances surge on a big rate drop – Fasti News

Mortgage applications soar on a big rate drop Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index. volume was 41% higher than a year ago.

NEW YORK (CNNMoney.com) — Near record low mortgage rates sent mortgage applications shooting higher last week, especially for refinances. point drop to what was then the lowest level in the.

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Refinances, which are most rate-sensitive, led the surge, jumping a remarkable. last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total.

So there should be no surprise Mortgage applications soar as refinances surge on a big rate. Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the mortgage bankers association’ s seasonally adjusted index.

Mortgage applications soar as refinances surge on a big rate drop. CNBC – diana olick. consumers saw an opportunity last week and took it – in a big way. mortgage rates dropped to their lowest level in nearly two years, so total mortgage.. The 30-year fixed-rate average dropped to 3.6 percent, its lowest level.

Mortgage applications soar as refinances surge on a big rate. – Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%.

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