Financial Advisors News and Expert Tips
Mortgage Activity Surges as Interest Rates Continue to Fall Amid Economic Uncertainty
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 Rates Hit Their Lowest Point in 7 Years; Applications Surge as a Result
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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Mortgages Rates Increase Slightly; Lending Sees its Biggest Quarter in 14 Years
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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Rates Hit Lowest Point Since 2016, Sending Refi Apps Soaring
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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