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With last week’s drop for 30-year FRM rates, the Mortgage Bankers Association noted a 26.8% rise in applications, with a 46.5% increase in refi apps and a 10% bump in those for purchase-money mortgages as homebuyers look to grab the lowest rates since September 2017 while they last.
1520 WBZW – Your Hometown Station – Posts | Facebook – 1520 WBZW – Your Hometown Station, Altamonte Springs, FL. 660 likes.. Mortgage applications soar as refinances surge on a big rate drop.. Even if the federal reserve cuts interest rates by July, they’re too late, according to Morgan Stanley.
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Weekly mortgage refinances spike 39% after huge rate drop. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 4.36.
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Here’s what the surge in mortgage applications means for the housing sector. Wed, Jun 12th 2019. watch now.. Mortgage applications soar as refinances surge on a big rate drop. wed, Jun 12th.
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Fixed-rate mortgages follow the 10-year U.S. Treasury note. But Americans aren’t taking advantage of the rate lull the way they may have been expected to. Mortgage applications for both purchases and refinances fell in the most recent week, the Mortgage Bankers Association said Wednesday.