Refinance News

Mortgage applications soar as refinances surge on a big rate drop — CNBC

CNBC. Mortgage applications soar as refinances surge on a big rate drop.. Thanks to a huge jump in refinance volume, driven by falling rates, total mortgage application volume increased an impressive 26.8% on an adjusted basis. Last month.

The biggest one-week rate drop in a decade unleashed a run on refinances, although it did not especially spur spring buyers.

Weekly mortgage applications fall as rates rise, volume remains much higher than last year mortgage application volume wasn’t as stellar as it was last week as rates climbed slightly, By admin

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.

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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.

The biggest one-week rate drop in a decade unleashed a run on refinances last week. "There was a tremendous surge in overall applications activity, as mortgage rates fell for the fourth week in a.

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While there are still plenty of borrowers who could benefit from a mortgage refinance, those applications. big jump in rates that occurred when the Fed signaled its intention to buy fewer bonds,".

Mortgage applications soar as refinances surge on a big rate drop; Business. 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.

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– Mortgage applications soar as refinances surge on a big rate drop; Business. 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.

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. flipboard: mortgage applications soar as refinances surge on a big rate drop

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