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Items Tagged with 'refinance applications'

ARTICLES

Borrowers cash in on falling rates

Applications creep up to 46% in November
January 15, 2014
Refinance applications recorded a slight increase in November, rising to 46% from 45%, showing the industry that refi demand will always exist just at a lesser volume.
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Credit Unions follow industry in job cuts

Mortgage division cuts expected to come
September 24, 2013
Credit Unions are not far behind the rest of the industry when it comes to mortgage division layoffs. The Credit Union Times says firms in the space are now deciding how to handle a drop-off in refinance applications.
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Wells Fargo cuts 150 positions in Charlotte

September 18, 2013
Wells Fargo cuts another 150 workers in the Charlotte region in North Carolina on top of the 284 employees the company said it was laying off last month. This follows the banks initiative to downsize its workforce as loan refinancing demand falls.
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Rising mortgage rates sideline housing recovery

Experts shrug off shocking mortgage application decline
September 11, 2013
Mortgage rates are continuing to rise, instilling fear into many potential homebuyers about what effect this might have on the housing market. But do rising rates rock the boat?
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Rising rates offset by stronger economic growth

September 11, 2013
While mortgage rates may have spiked, a look back through history will show that in similar situations the impact of rising rates is typically offset by stronger economic growth.
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JPMorgan battles falling refi volumes

September 10, 2013
Even mega bank JPMorgan Chase is having to adjust as refinance volumes decline. The bank’s refinance applications are off 60% since interest rates began rising earlier this year.
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Mortgage applications fall 4.7%

Rates continue to stabilize
August 14, 2013
After staying relatively stable last week, applications posted a slight dip this week as rates also declined.
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Mortgage applications edge up slightly

Rates stay mostly the same
August 7, 2013
Mortgage applications edged up slightly last week, with new filings growing only 0.2% from a week earlier, the Mortgage Bankers Association reported.
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