– Mortgage applications soar as refinances surge on a big rate drop; Business. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%. It is nothing short of a refinancing boom, with applications now up 63% in the four weeks as rates have fallen 28 basis points.

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Mortgage applications soar as refinances surge on a big rate drop. Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index.

Mortgage applications soar as refinances surge on a big rate drop – Fasti News Mortgage Rates The Lowest In One Year: Is It Time For You To Consider A Refinance? Search for:

 · Mortgage applications surge incredible 49%. “In addition to the drop in rates, The refinance share of mortgage activity increased to 71% of total applications.

Mortgage applications soar as refinances surge on a big rate drop mortgage applications surged 26.8% in just one week. Volume was 41% higher than the same week one year ago.

"Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually." In addition, mortgage applications "finally jumped 10% weekly and annually." While this is a bit of reassuring news for the housing market, it’s a little early to break out the champagne bottles.

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Mortgage applications soar as refinances surge on big rate drop – Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted.

With mortgage interest rates lately hitting record lows week after week, loan application volume, particularly amongst those seeking to refinance, is picking up. Refinancing. Mortgage apps rise.

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Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index.

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