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

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Mortgage applications surge as rates continue to 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. Volume was 41% higher than a year ago.

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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. forecasting. Refinances, which.

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.

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%. It is nothing short of a refinancing boom, with applications now up 63% in the four weeks as rates have fallen 28 basis points over that time.

Mortgage and real estate news including mortgage rates, processing, and refinancing.. Mortgage applications surge as rates drop.. Mortgage applications soar as refinances surge on a big rate.

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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 adjust.

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Mortgage applications soar as refinances surge on a big rate drop Mortgage applications surged 26.8% in just one week. Volume was 41% higher than the same week one year ago. NEW YORK, June 5 (Reuters) – U.S. mortgage applications picked up a bit last. index on loan requests to buy a home and to refinance one rose 1.5% to 417.8 in the week.