· Again, housing drives the cost-of-living with Cleveland and Toledo offering particularly affordable homes – median homes cost under $100,000 – which is one big reason retirees may spend less than $40,000 a year.

Hong Kong braced for another day of anti-government protests on Thursday after scenes of violence and chaos shook the normally peaceful global trade and finance center a day. The U.S. opposes Nord.

Lates News and Stories, US News, World News, Business News, Technology News, Finance News, Entertainment News, Sport News.. Weekly mortgage applications soar nearly 27% on a big rate drop Mortgage applications soar as refinances surge on a big rate drop

MBA Report: Refinances Surge After Rates Dropped October 2, 2017 By Chris Hamler A surge in refinancescaused mortgage applications volume to slightly tick up in the previous week, thanks to a drop in interest rates driven by significant market-pressuring events.

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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.

I reported this last week, and CNBC followed up this week by reporting that “Mortgage rates dropped to their lowest level in nearly two years, so mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association.” 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. Volume was 41% higher than a year ago.

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.

So, I think that this is going to be a really challenging time for big banks." The technicals are also negative for the sector as a whole, according to Richard Ross, global technical strategist at.

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