Mortgage Applications Surge on Lower Rates

A surge in applications for refinances linked to a recent drop in mortgage interest rates caused mortgage application volume to increase 2.7% on an adjusted basis during the week ended April 21,

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Weekly mortgage applications surge on lower rates. cnbc. march 27, 2019. CNBC’s Diana Olick reports on newly released mortgage application data. Reblog. Tweet. Share. What to Read Next. family homes worth 0,000 are up for grabs in Quebec – but there’s a catch.

2016-11-23  · Rising rates trigger surge in US mortgage. a measure of mortgage applications, because many homeowners had already refinanced at lower rates.

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2018-08-29  · Key points: Surge in refinance applications down to banking reform and the royal commission; It means borrowers can be stuck, unable to move to lower rates.

Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. That pushed the refinance share of total mortgage application volume. stay this low.

Changes to Westpac Banking Corp’s (ASX: WBC) lending practices could make it tougher for borrowers to get a mortgage from the.

Mortgage applications surge on low interest rates mortgage apps skyrocket on lower interest rates Trey Garrison was a Senior Financial Reporter for

Both refinance and purchase applications surged, but the more rate-sensitive refis were the real leader. Those applications jumped 12 percent for the week and were 8.5 percent higher than a year ago.