Items Tagged with 'Refinance'

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Refinance applications finally jump after weeks of historically low interest rates

Is the message finally getting through?
After weeks and weeks of historically low mortgage interest rates having little to no impact on the volume of refinance applications, it finally appears that consumers are getting the message about interest rates. According to a new report from the Mortgage Bankers Association, mortgage applications rose last week, with the increase coming entirely from refinance applications.
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FHFA: More than 3.4 million homeowners used HARP

A little more than 6 months left
The Home Affordable Refinance Program comes to a close this year. Now the FHFA will put in its last efforts to encourage homeowners to take advantage. But, before we all wave a teary goodbye, here are some stats offering a snapshot of the epic, Federal program.
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Affordable mortgage rates? Loan originations fall to two-year low

RealtyTrac report shows first-quarter refinance originations down 20% from 2015
Despite the fact that mortgage interest rates routinely hovered around "historic" lows for much of the first quarter, loan originations fell to their lowest level in two years, according to a new report from RealtyTrac. What drove the decrease? Click through to find out.
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No, this is not the end of refinance mortgage applications

Recent decrease not expected to become a trend
While the market saw a decline in mortgage applications during February, economists do not believe the trend will continue. Influenced in part by the seasonal market, as the job market improves, economists believe the housing market will continue to steadily increase throughout 2016.
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Black Knight: Will 2016 end refinance demand?

Interest rates predicted to rise
Approximately 5.2 million borrowers could likely both qualify for and benefit from refinancing, but it’s possible that this number will be slashed in half by the end of the year. Could this be the end of refinance demand? Here's how 2016 might turn out.
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RealtyTrac: Mortgage lending rose 17% in first quarter

Low interest rates lead to big jump in refinances
Thanks in large part to the continually low interest rate, mortgage originations rose 17% year-over-year in the first quarter, according to a new report from RealtyTrac. Unsurprisingly, refinances led the way. Here's how it all broke down.
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