Items Tagged with 'refinance applications'

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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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Here are 3 reasons to refinance your mortgage

Still on the fence about refinancing?
While this year is a good time to buy thanks to historically low interest rates, the same appeal that’s making it a good time to buy is also making it a good time to refinance. For those still on the fence, Ray Rodriguez, regional mortgage sales manager at TD Bank, complied this list of three reasons to refinance.
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MBA: Mortgage applications reverse course

Decline amidst spring home-buying season
It was a slow week for mortgage applications despite it being peak buying season, with applications moving further away from the highs witnessed two weeks ago. Here’s where applications fell short.
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MBA: Mortgages applications reverse trend, drop

30-year, FRM falls four weeks straight
After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.
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