The mortgage application numbers this week just put an exclamation. and not nearly enough to make up for the drop in U.S. imports to 104,800 bpd in February from more than 500,000 bpd before the.
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As rates drop, mortgage refinancing surges but home purchase loans remain tepid USA TODAY Homeowners scramble to refinance mortgages as rates hit the lowest level in 17 months. But mortgage applications for home purchase rose just 0.5%.
Mortgage Refinances Surge 39 Percent as Home-Loan Rates Drop; The Refinance Index increased 39 percent from the previous week, and was at its highest.
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June 12, 2019 admin Real Estate Comments Off on Mortgage applications soar as refinances surge on a big rate drop Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index.