Mortgage

Mortgage Interest Rates Drop

Mortgage Applications Drop but Activity Remains Strong

By Aly Yale / September 18, 2020
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Total mortgage applications were down this week, even as mortgage rates held steady near record lows.  Overall applications dropped 2.5%, while refinances dipped 4%, and purchase loan activity fell 12%. Meanwhile, rates on 30-year, fixed-rate loans stayed put at 3.07%. …

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Mortgage Interest Rates Drop

Purchases, Refis Jump as Rates Dip Again

By Aly Yale / September 10, 2020
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Mortgage activity jumped over Labor Day weekend, with refinances rising  3% over the week, and purchase loans up a slight 0.2%. Both are still up considerably over the year. According to Joel Kan, the uptick was due to dropping mortgage…

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6 Mistakes Homeowners Make When Refinancing a Mortgage

6 Mistakes Homeowners Make When Refinancing a Mortgage

By Aly Yale / September 9, 2020
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It may seem like everyone is refinancing their mortgages these days — and it’s no wonder why. Historically low rates have been making headlines throughout the year. The chance to lower your monthly mortgage payment is probably appealing, and you…

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Mortgage Interest Rates Drop

Refis, Mortgage Rates Drop, While Purchase Loans Rise

By Aly Yale / August 28, 2020
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Despite a drop in mortgage rates this week, overall mortgage activity declined 6.5% over the previous week. According to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association (MBA), refinance activity dipped 10% — its lowest level since…

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Why Larger Homes Are on the Rise

Why Larger Homes Are on the Rise

By Aly Yale / August 27, 2020
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There’s been a lot of talk about small properties lately.  Granny flats, accessory dwelling units, tiny houses, and in-law suites — they’ve all been making major headlines in recent years, especially as home prices crept up and the Marie Kondo-inspired…

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Mortgage Interest Rates Drop

Mortgage Rates Rise, Sending Applications Down

By Aly Yale / August 21, 2020
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Mortgage applications fell this week, dropping 3.3% from the week prior, according to the latest survey from the Mortgage Bankers Association. Refinances fell the most, dipping 5% over the week, while purchase applications dropped 1%. Both types of activity are…

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Mortgage Interest Rates Drop

Mortgage Activity Jumps as Rates Hit Another Low

By Aly Yale / August 13, 2020
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Mortgage activity is surging once again, with overall applications up 6.8% from last week. According to the latest data from the Mortgage Bankers Association, purchases were up 2% over the week, while refinances jumped 9% — marking their 12th-straight weekly…

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Mortgage Interest Rates Drop

Mortgage Rates Drop, Applications Fall in Step

By Aly Yale / August 7, 2020
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Mortgage rates dropped again this week, but so did overall application activity. According to the latest data from the Mortgage Bankers Association, despite an average interest rate of just 3.14%, loan applications dropped 5.1% over the last week.  Refinance activity…

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Mortgage Interest Rates Drop

Mortgage Apps Fall Thanks to Rising FHA Loan Rates

By Aly Yale / July 31, 2020
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Mortgage activity slipped slightly this week, dropping 0.8% from last week. Refinancing applications decreased by 0.4%, while purchase loan applications fell 2%. Both rates remained higher than last year (up 121% and 21%, respectively). According to Mike Fratantoni, senior vice…

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Mortgage Interest Rates Drop

Mortgage Activity Jumps Despite Slight Jump in Rates

By Aly Yale / July 24, 2020
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Mortgage applications jumped this week, increasing 4% across the board. Refinancing activity was up 5%, while purchase loan applications rose 2%. Both saw notable increases over this time last year (jumping 19% and 122%, respectively).  The increase comes despite a…

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