Financial Advisors

Mortgage Interest Rates Drop

Rates Continue to Slip Amid Fears of a Coronavirus Resurgence

By Tara Mastroeni / July 9, 2020
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Overall, mortgage activity increased by 2.2% this week, though the data does include an adjustment for the Fourth of July holiday. Purchase applications increased 5% from this time last week while refinance applications increased 0.4%. Both metrics were also an…

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Mortgage Interest Rates Drop

Mortgage Activity Jumps, as Rates Hold Steady at Record Lows

By Aly Yale / June 11, 2020
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Both home buying and refinancing demand jumped last week.  According to the latest data from the Mortgage Bankers Association, total mortgage applications rose 9.3% over the week, with refis increasing 11% and purchase applications jumping 5%. It was the eighth…

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Mortgage Interest Rates Drop

Mortgage Activity Drops Thanks to Waning Refis

By Aly Yale / June 5, 2020
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Overall mortgage activity was down this week, thanks wholly to a steep drop in refinances. According to the latest data from the Mortgage Bankers Association, refinance applications were down 9% over last week. Purchase loan activity, on the other hand,…

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Mortgage Interest Rates Drop

Purchase Loan Activity Rebounds as Mortgage Rates Drop

By Aly Yale / May 1, 2020
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Mortgage activity slowed slightly this week, but not in the way you’d expect. Unlike in past weeks, it wasn’t purchase applications that declined this time. Instead, refinance activity dropped, decreasing 7% over the week. To be fair, refinancing is still…

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Mortgage Interest Rates Drop

Mortgage Activity Holds Steady, Rates Remain at Record Lows

By Aly Yale / April 24, 2020
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The mortgage market is seeing its fair share of ups and downs this spring. According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage activity is down this week — but only by 0.3%.…

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Mortgage Interest Rates Drop

Mortgage Activity Rebounds as Rates Bottom Out

By Aly Yale / April 17, 2020
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Mortgage activity bounced back slightly, increasing 7.3% over the last week, according to the Mortgage Bankers Association’s weekly survey. The week prior, total mortgage applications had decreased by 17.9%. The bump is driven by increasing refinancing activity, which saw a…

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Mortgage Interest Rates Drop

Mortgage Applications Drop, Rates Rise on 30-year Loans

By Aly Yale / April 9, 2020
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Mortgage activity slowed this week, as the COVID-19 outbreak worsened across the country. According to the weekly applications survey from the Mortgage Bankers Association, purchase activity was down 12% for the week and 33% for the year, while refinance applications…

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Mortgage Interest Rates Drop

Mortgage Rates Drop to Survey Low, While Refis Take Over

By Aly Yale / April 3, 2020
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The economy might be on uncertain ground right now, but the mortgage market is still going strong. According to the latest Mortgage Applications Survey from the Mortgage Bankers Association, overall mortgage applications were up 15.3% for the last week. The bump…

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Mortgage Interest Rates Drop

Mortgage Rates Increase, Apps Fall as Coronavirus Rears Its Head

By Aly Yale / March 27, 2020
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The coronavirus outbreak worsened this week, and its impact on mortgage activity was apparent.  According to the most recent Weekly Mortgage Applications Survey from the Mortgage Bankers Association, total mortgage applications decreased 29% over the week. Purchase applications were down…

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Mortgage Interest Rates Drop

Rates Tick Up, Refis Remain Strong as Industry Responds to Coronavirus

By Aly Yale / March 19, 2020
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Despite the record-lows that mortgage rates hit earlier this month, overall market volatility has caused them to spike once again. Rates on 30-year mortgages jumped to 3.74% this week, up from 3.47% the week prior. Rates are still low, historically…

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