Falling Mortgage Rates Generate Surge of Potential Refinance Candidates – Appraisal Buzz

The Truth About VA Mortgage Rates and Terms from various lending channels CNBC: Mortgage Refinance Applications Surge 9 Percent as Rates Slide. The increase in the Mortgage Bankers Association’s seasonally adjusted report was largely due to a 9 percent weekly jump in applications to refinance. Lenders suddenly have a strong sales pitch, now that rates are significantly lower than they were a year ago,

It could be because loan officers sang a similar tune earlier this year, when mortgage rates hovered at around 7 percent for a 30-year mortgage. That was 1 percentage point to 1.5 percentage points lower than they were in the spring of 2000 and prompted a surge in refinance activity in the first few months of the year by people who had taken.

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U.S. mortgage rates hold steady, remain low, says Freddie Mac – Dayton Business Journal Mortgage Market Roundup: Interest Rates (9/10/15) Mortgage rates remained largely unchanged in the past week, according to Freddie Mac’s weekly market survey. 30-year fixed-rate mortgages averaged 3.90% with an average 0.6 point for the week ending Sept. 10, 2015. A year ago, the rate averaged 4.12%. 15-year fixedIt’s Not What You Think As you read further, you’ll discover what piques the interest of millennials. Better put your assumptions aside, because it’s not entirely what you think. What do millennials care about? And, importantly, how you can shape your digital marketing strategy to get their attention?

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Falling Mortgage Rates Generate Surge of Potential Refinance Candidates While potential candidates for refinancing in April surpassed March by 2 million, growth in some of the largest metros is.

With the falling rates, it has definitely caused a movement to refinance but time will tell if this rise continues. According to real estate data provider corelogic, about half of all homes that have mortgages, their rates are about 4.3 percent or less; this may not be worth it for homeowners to refinance at these lower rates.

Falling Mortgage Rates Fuel Buying Activity By Chrystal Caruthers | Feb 5, 2015 Mortgage interest rates rolled back to 2013 levels this week on disappointing housing and economic activity.

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Drop in Mortgage Rates Causes Mortgage Applications to Surge 14 Percent Last week the Federal Reserve decided to stand pat on interest rates and as a result, bond yields and mortgage rates dropped. average 30 year mortgage rates are down to 3.78 percent this week, a decline from last week’s average rate of 3.89 percent.

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 percent.