Items Tagged with 'refinance activity'

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Zillow: Refinances skyrocket in wake of Brexit

Record low interest rates drive massive jumps in refinance mortgage requests
A recent report from the Mortgage Bankers Association showed that refinance applications jumped to an 18-month high in the wake of Britain's decision to leave the European Union. Further evidence of the apparent refinance boom came in Friday, when Zillow reported that refinance mortgage requests through its mortgage marketplace skyrocketed since the Brexit. Is a refinance boom upon us?
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MBA: Mortgage applications fall despite record low interest rates

Moves back to its previous downward trend
Mortgage interest rates fell to new lows, dating back to levels witnessed three years ago, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association. But despite the new lows, mortgage applications still dropped, reverting back to its previous downward trend.
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MBA: Mortgage applications post another tepid week

Average loan size for purchase apps hits survey high
Despite the current low-mortgage rate environment, mortgage applications once again recorded a slow weak. However, one notable data point in this week’s survey is that the average loan size for purchase applications reached a survey high.
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MBA: Mortgage applications barely move

Another quiet week for apps
It's another quiet week for mortgage applications despite it being peak-buying season, reiterating other industry reports that spring isn't booming. Here's the latest update on just how quiet it is for the mortgage market.
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MBA: Purchase apps rise as refi apps fade

Purchase index hits highest level since January
Despite a spike in purchase applications, mortgage applications dropped for the third week straight. The rise in purchase volume was not enough to offset the continuous drop in refinance activity.
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MBA: Mortgage applications fall 4.3%

Refinance activity drops after last week’s high
Mortgage applications simmered down after last week’s strong report, with applications falling 4.3%. The refinance share of mortgage activity also dropped, declining to 61% of total applications from 64.3% the previous week, which was the highest level since February 2015.
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