Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. 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 over that time.

Weekly mortgage applications surge on lower rates 8:42 AM ET Wed, 27 March 2019 CNBC’s Diana Olick reports on newly released mortgage application data. Watch CNBC Live TV.

Mortgage applications surge on low interest rates Mortgage apps skyrocket on lower interest rates Trey Garrison was a Senior Financial Reporter for

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As mortgage rates dropped last week, Loan and Refinance Applications Surge.. in which homeowners will typically try to lock in lower rates, shot up the most, an astounding 58% from a year.

Mortgage rates were at their. quoting conventional 30yr fixed rates at 4.125% as opposed to the recently more prevalent 4.25%. For borrowers whose contract rate remained the same, closing costs.

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Applications to refinance jumped 12 percent for the week as homeowners rushed to take advantage of attractive rates.

President Trump blasts Fed after rate cut Applications for refinancings increased 9 percent during the week. Refinance applications, however, are still 35 percent lower than the same week a year ago, when interest rates were lower. Kan says mortgage applications likely would have gone even higher last week if it wasn’t for two major hurricanes to strike the U.S. over the past two weeks.

"The government refinance index, driven by a 25 percent increase in VA refinance applications, is now at its highest level since May 2013." The refinance share of mortgage activity increased to 61.4% of total applications, up from 53.9% the previous week. The adjustable-rate mortgage share of activity increased to 6.0% of total applications. The post Mortgage Applications Continue to Surge on Lower Rates appeared first on MortgageOrb.

Refinance Applications Surge on Lower Rates – Purchases Fall aug 17 2011, 11:24AM The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Application Survey for the week ending.

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While applications to refinance a home loan were 5% percent lower for the week. jumped in March as well. That sales surge may have been due to a sharp drop in mortgage rates. Rates have since edged.