Tag Archive for ‘refinancing’

Mortgage Activity Posts Solid Year-over-Year Gains

The Mortgage Bankers’ Association’s latest Weekly Application Survey, for the week ending September 27, 2019, showed sharp increases in the year-over-year gains in purchasing and refinancing activity of all mortgages, of 9.6% and 132.9%, respectively (seasonally adjusted). Throughout most of the current year since mid-March, refinancing activity on a year-over-year basis has been particularly strong this year, holding steady from… Read More ›

Mortgage Refinancing Activity Dips But Still Strong

In the most recent wave of mortgage activity for the week ending September 6, 2019, the Mortgage Bankers Association’s latest Weekly Application Survey showed a continuing decline in interest rates, notably, the 30-year fixed rate mortgage to 3.49% on a non-seasonally adjusted basis. The Market Composite Index, which measures mortgage loan application volume, increased 2% on a seasonally adjusted basis… Read More ›

Refinancing Activity Buoyed by Federal Reserve Rate Cuts

The latest data from the Mortgage Bankers Association’s Weekly Application Survey show a strong reaction to the market among prospective homebuyers and those wishing to refinance their existing home loans. There are two main factors: The Federal Reserve’s cutting of interest rates and the ongoing trade war with China. The 30-year fixed-rate mortgage dropped by 15 basis points from the previous… Read More ›