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Mortgage refinances surge 8%, as interest rates fall

NEWS: mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

A significant drop in mortgage rates triggered a surge in refinancing. sharp drops in interest rates. Mortgage rates for most loan products fell to their lowest level since June 2013," said Mike.

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Mortgage refinance applications surge as interest rates fall February 3, 2018 An increasing number of homeowners appears to be queuing back to their mortgage lenders for refinancing as home loan interest rates now seem to be trending lower, reversing the rate uptick following last year’s U.S. presidential election.

interest rates hitting 4.8% by the end of the year would keep refinance originations from being a major player in the mortgage market. However, while the share of refinances continues to drop, it will.

Interest rates on home loans are now significantly lower than a year ago, and that may be bringing more homeowners back to their lenders to refinance. Total mortgage applications rose 4.7% last.

Refinance Rates Help. Select the range of discount points that you are willing to pay. Discount points are an upfront fee that you pay to get a lower interest rate. One point is 1 percent of the loan amount. On a $100,000 mortgage, if you pay 1 point, you pay an upfront fee of $1,000. Enter your zip code.

Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Total mortgage

A few weeks ago, it looked like interest rates were on their way down again, but that was short-lived. So was the surge in mortgage application. the highest since May. Mortgage applications to.

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Mortgage rates forecast for September 2019. Mortgage rates are down more than 1% since late last year, and there could be more gas in the tank to drive them lower.

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Many lenders were aggressively marking up their fixed mortgage rates today. The Federal Reserve will announce its decision on raising short-term interest rates in one. lower their mortgage rate can.

Interest rates on home loans are now significantly lower than a year ago, and that may be bringing more homeowners back to their lenders to refinance. Total mortgage applications rose 4.7% last.

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