Mortgage applications jumped 8.9 percent last week from the previous week and 5.7 percent from a year earlier, according to the Mortgage Bankers Association’s seasonally adjusted report. Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader.
Mortgage rates surged lower again today, continuing an ongoing push into lower all-time lows. Although bond markets in general moved lower in rate today, the overriding factor leading mortgage rates.
The economy is stronger and rates are lower, but we’re seeing fewer home sales than last year,” McBride said. Mortgage rates this week Four weeks ago, the 30-year fixed rate was 3.94 percent.
Mortgage Applications Surge on Lower Rates – According to the Mortgage Bankers Association, home buyers and homeowners are taking advantage of some of the lowest interest rates in a year. Mortgage applications for refinances and home purchases jumped 9.9 percent higher recently on a seasonally adjusted basis. The 30-year fixed-rate mortgage averaged 4.03 percent, dropping from 4.06 percent the MBA reports.
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5 hours ago. Meanwhile, mortgage applications fall for the third straight week.. This week's rate is 0.57 percentage points lower than the 52-week average.
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Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader. Those applications jumped 12 percent for the week and were 8.5 percent higher than a year ago.
Mortgage applications surge as borrowers take advantage of lower rates January 22, 2019 the_admin 0 Comments. The drop in mortgage rates over the past two months has given new life to the refinance market. Still, it is also important to note that a jump in mortgage rates last January caused.
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Mortgage Applications, Refinances Surge After Interest Rate Drop. moderation in home prices and a shift to building lower-priced homes.".
Mortgage Applications Surge on Lower Rates. By BB Staff. Mortgage activity for the week of Feb. 18 rose sharply from a week earlier as rates fell back, according to data from the Mortgage Bankers.
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according to the mortgage bankers association. applications to refinance, which saw a brief surge on lower rates in October and then a precipitous drop when rates rose again this month, fell 2 percent.