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Mortgage Applications Surge on Lower Rates

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Mortgage Apps Surge in Response to Lower rates feb 27 2019, 5:50AM Mortgage applications increased for the second week as interest rates again ticked lower at well under 5 percent.

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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 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.

NEW YORK (CNNMoney) — Mortgage loan applications surged 23% last week, according to the Mortgage Bankers Association, as record-low interest rates convinced many homeowners it was time to refinance.

Mortgage refinance applications surge as interest rates fall February 3, 2018 An increasing number of homeowners appears to be queuing back to their mortgage lenders for refinancing as home loan interest rates now seem to be trending lower, reversing the rate.

Volume was 11 percent lower than a year ago, when mortgage rates were 42 basis points lower. The drop in mortgage rates over the past two months has given new life to the refinance market.

Weekly mortgage applications surge on lower rates 8:42 AM ET Wed, 27 March 2019 CNBC’s Diana Olick reports on newly released mortgage application data. Watch CNBC Live TV.

Refinance applications were behind much of the surge. Mortgage applications to purchase a home increased 5 percent week-to-week, seasonally adjusted, and were 22 percent higher than the same week.

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

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.

Refinance Applications Surge on Lower Rates – Purchases Fall Aug 17 2011, 11:24AM The mortgage bankers association (mba) today released its weekly mortgage application survey for the week ending.