Mortgage applications soared nearly 10 percent this past week as record low interest rates lifted refinancing activity, an industry trade group said Wednesday. The Mortgage Bankers Association, which.

 · Mortgage applications soar as refinances surge on a big rate drop 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.

Total mortgage application volume fell 4.3% last week compared with the previous week, according to the Mortgage Bankers Association. While applications to refinance. That sales surge may have been.

 · Weekly mortgage refinances spike 39% after huge interest rate drop. Refinance mortgage applications rose by 39%, the highest level in more than three.

Bryant Real Estate I, LLC, Kansas City, Missouri. 62 likes.. Mortgage applications soar as refinances surge on a big rate drop. cnbc.com. Mortgage applications soar as refinances surge on a big rate drop. Mortgage applications surged 26.8% in just one week. Volume was 41% higher than the same week one year ago.

"Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually." In addition, mortgage applications "finally jumped 10% weekly and annually." While this is a bit of reassuring news for the housing market, it’s a little early to break out the champagne bottles.

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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 to 49.8% from.

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Mortgage applications soar as refinances surge on a big rate. – 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.

 · The drop was expected, given how quickly mortgage interest rates rose, CNBC explained. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 3.95 percent, from 3.77 percent, with points increasing to 0.39 from 0.38 (including the origination fee) for 80 percent loan-to-value ratio loans, the MBA said.

Mortgage rates dropped to their lowest level in nearly two years, so mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association. Volume was 41% higher than the.

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