Mortgage applications surge on low interest rates

Mortgage Rates Just Crashed. I Explain Why Today’s low interest rate for a 15-year fixed is 3.375% (3.851% APR), and the interest rate for a 30-year fixed is 3.99% (4.253% APR). Why You Should Choose Quicken Loans You’ll get a completely online application process with less paperwork, and you can track the status of your mortgage application.

Bond yields have fallen through much of June as investors’ expectations of a Fed rate cut increased. The jump in yields.

NEW YORK (Reuters) – Another surge in interest rates last week pushed. Even with the recent gain, rates remain low by historical standards. The gauge of refinancing applications rose 5 percent,

NEW YORK, July 10 (Reuters) – An unrelenting surge in interest rates for U.S. home mortgages. low. Demand for refinancing has been hit harder as refinancing becomes less attractive at higher rates..

An unprecedented long period of low interest rates, the economic uncertainty. s information from the very start of an.

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 · New Home Purchases Surge Again Thanks To Low Rates & Mild Weather New home purchases surged 24% in February, kicking off the spring buying season, the february mortgage bankers association builder Application Survey said.

 · The Federal Reserve touched off the biggest mortgage refinancing wave since 2009 last month by driving the interest rates on 30-year mortgages to record lows near 3.5 percent.

Mortgage Applications Surge 7% with Rates At or Near Lows May 8, 2013 Staff 0 Comments consumer borrowing , interest rates , mortgages/housing market Mortgage applications jumped 7 percent last week from one week earlier, as refinancing made up the largest share of activity since December 2012, the Mortgage Bankers Association said Wednesday.

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The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.21 percent from 4.35 percent. “There was a tremendous surge in.

Refinance applications, in which homeowners will typically try to lock in lower rates, shot up the most, an astounding 58% from a year ago. They also jumped 38.5% from the prior week. Related Articles

 · Currently, the average interest rate for a 30-year fixed-rate mortgage with loan balances of $424,100 or less stands at 4.12% with points at .38-remaining unchanged-and an 80% loan-to-value ratio loans; it previously was listed at 4.14% (Source).

Thanks to low mortgage rates and slowing home prices, mortgage applications and refinances soared last week.

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