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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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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.

Mortgage Applications Surge On Refinances As As Rates Hit 21 Month Low and related news – Financial New Index – Latest Business-Market news from around the web at one place. Mortgage applications surge as rates drop.. Mortgage applications soar as refinances surge on a big rate drop.

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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News. main location. mortgage applications soar as refinances surge on a big rate drop. By . admin. Posted in Luxury On Jun 16, 2019. 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.

Mortgage applications are soaring-a direct result of last week’s significant drop in interest rates. According to the Mortgage Bankers Association, applications for mortgage loans are up more than 26% compared to this time last week. The jump comes after rates dipped to 3.82% last week-their lowest point in almost two years.

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Mortgage applications soar as refinances surge 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.

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%.