Extremely low mortgage rates did nothing to bump up the number of mortgage refinancing applications during the last week of summer. The Mortgage Bankers Association (MBA) reported in its’ Weekly Mortgage Applications Survey for the week ending September 2, 2011 that applications for mortgage loans decreased by 4.9 percent from the previous week. The Refinance [...]
...Read MoreMortgage rates for the week ending August 26, 2011 remained relatively unchanged, with mortgage loans still available at historically low rates. Yet refinancing applications declined for the second week in a row, according to the Mortgage Bankers Association (MBA). While homeowners along the East Coast last week were distracted by an earthquake and preparations for [...]
...Read MoreThe Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 19, 2011 showed that mortgage applications for a home refinance dropped slightly by 1.7 percent from the previous week in spite of continued low rates. According to HSH.com, the average rate for a 30-year fixed-rate home loan declined to 4.50 percent [...]
...Read MoreMortgage rates continued to drop during the week ending August 12, enticing more homeowners to apply for a mortgage refinance. According to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey, refinance application volume increased by 8 percent over the previous week, rising to 78.8 percent of all loan applications. Mortgage loans with fixed-rate most [...]
...Read MoreDespite dire predictions of a spike in interest rates stemming from the downgrade of the U.S. credit rating by Standard & Poor’s, mortgage rates dipped again last week. Accordingly, applications for a mortgage refinance rose. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey showed that overall, mortgage applications increased by 21.7 percent during the [...]
...Read MoreFreddie Mac’s analysis of mortgage refinance data for the second quarter of 2011 shows that 77 percent of borrowers either brought cash to settlement or kept their loan balance the same. Mortgage refinance activity in recent months has fluctuated along with mortgage rates, with applications rising whenever rates dip. The Mortgage Bankers Association (MBA) Refinance [...]
...Read MoreMortgage rates rose slightly during the week ending July 22 and the Mortgage Bankers Association (MBA) reported a decrease of five percent in mortgage applications. The MBA’s Weekly Mortgage Applications Survey for the week ending July 22 reported that refinancing applications decreased 5.5 percent from the previous week. The refinance share of all mortgage activity [...]
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