Mortgage applications jump 21.7% on refinancing activity

The group’s barometer on loan applications for home purchases, which is seen as a proxy on future housing activity..

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Refinancing activity leads big jump in mortgage applications. Please Sign In and use this article’s on page print button to print this article.

The refinance share of mortgage activity rose to 45.8% of total applications, increasing from 42.7% the previous week. This is the highest reading since February 2018. The adjustable-rate mortgage.

U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest level since September 2017, the Mortgage Bankers Association said on Wednesday.

Homeowners are scrambling to refinance their mortgages now that rates are falling. Applications to refinance mortgages surged 8 percent last week as rates dropped for the fourth straight week, the.

NEW YORK, Sept 17 (Reuters) – U.S. mortgage applications. ago level of 1,962.0. The refinance share of applications increased to 51.6 percent from 36.3 percent the previous week. The.

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Refinancing Activity Ups Mortgage Applications 21.7%. in. Fratatoni frames the jump in mortgage applications around buyer interest in conforming jumbo loans ahead of an october 1 expiration.

NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for. borrowing costs revived interest to refinance among homeowners. MBA’s seasonally adjusted gauge on.

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NEW YORK, Oct 15 (Reuters) – U.S. mortgage applications rose for a second consecutive week, reflecting a jump in demand for home loan refinancing. earlier in the week appeared to have spurred.

U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest level.

The Refinance Index. The share of ARM activity increased to 6 percent of total applications. Rates quoted are for loans with an 80 percent loan-to-value ratio and points include the origination fee.