If your New Year’s resolution was to apply for a mortgage refinance, you are not alone. More refinancing applications were completed during the first week of 2012 than during the holiday season, even when adjusted for vacation days. The Mortgage Bankers Association (MBA) reported that for the week ending January 6, 2012, the Refinance Index, [...]
Mortgage bankers did not receive much of a holiday gift from consumers in 2011, since applications for both a home refinance and new home loans decreased during the last two weeks of 2011 even when the statistics are seasonally adjusted, according to the Mortgage Bankers Association (MBA). The Weekly Mortgage Applications Survey for the weeks [...]
Mortgage refinance applications surged for the second week in a row, according to the Mortgage Bankers Association (MBA), fueled by a drop in mortgage rates. The MBA’s Weekly Mortgage Applications Survey showed that refinance applications increased by 9.3 percent during the week ending December 9, 2011 compared to the previous week. This represents the highest [...]
Mortgage rates on 30-year fixed rate home loans dropped again last week and refinancing applications surged by 11.2 percent over the previous week. The Mortgage Bankers Association’s Weekly Refinance Index for the week ending September 23, 2011 showed not only an increase in the number of homeowners completing a refinance application, but also an increase [...]
Mortgage 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 [...]
Mortgage 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 [...]
Some economists predicted that mortgage rates would be higher by now compared to last year, but low interest rates continue to tempt homeowners to refinance. Deciding whether the time is right to apply for a mortgage refinance depends on three factors: How long you plan to stay in your home. If you know you will [...]
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