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

Fannie Mae FNMA Stock Message Board: [u][color=green][b]Weekly mortgage applications soar nearly 27% on a

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Mortgage applications soar as refinances surge on a big. 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. Volume was 41% higher than the same week one 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 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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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.

Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. 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.

News & Updates. From real estate industry and beyond. June 21, 2019 In Homes. Mortgage applications soar as refinances surge on a big rate drop. Consumers saw an opportunity last week and took it – in a big way.. Weekly mortgage applications fall as rates rise, volume remains much higher.

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 applications soar as refinances surge on big rate drop. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%. It is nothing short of a refinancing.