Financial Advisors News and Expert Tips

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Mortgage Activity Surges as Interest Rates Continue to Fall Amid Economic Uncertainty

By Tara Mastroeni / March 13, 2020
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Mortgage interest rates continue to fall and, in response to the current rate environment, the Mortgage Bankers Association forecasts a dramatic jump in activity. In this week’s Weekly Mortgage Applications Survey, the MBA projected that total origination activity is expected…

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Mortgage Weekly Update

Mortgage Rates Hit Their Lowest Point in 7 Years; Applications Surge as a Result

By Aly Yale / March 6, 2020
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It was a big week in the mortgage industry. According to the Mortgage Bankers Association, rates on 30-year, fixed-rate mortgages dropped to their lowest point in over seven years, and overall mortgage applications bumped up 15% as a result. Purchase…

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Mortgage Weekly Update

Mortgages Rates Increase Slightly; Lending Sees its Biggest Quarter in 14 Years

By Aly Yale / February 13, 2020
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Mortgage rates inched up slightly this week, but they still hover around historic lows. According to the Mortgage Bankers Association (MBA), the average rate on a 30-year, fixed-rate loan came in at 3.72% this week — up from 3.71% last…

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Mortgage Weekly Update

Rates Hit Lowest Point Since 2016, Sending Refi Apps Soaring

By Aly Yale / February 7, 2020
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Refinances hit their highest point since 2013 this week, surging 15% over last week and a whopping 183% over this time last year. Overall, refinancing applications accounted for nearly 65% of all mortgage activity in the country. The uptick was…

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