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Tag: mortgage interest rates

Mortgage interest rates decline prompting...

After increasing at the end of the...

Mortgage interest rates decline prompting 5% surge in refinancing applications

After increasing at the end of the year, mortgage interest rates decreased significantly last week. Existing homeowners looking to reduce their monthly mortgage payments fuelled this demand, but it did nothing to excite prospective purchasers. The Mortgage Bankers Association's seasonally adjusted index shows that as a result, the overall volume of mortgage applications increased by just 1.2% from the week before. Mortgage Interest Rates The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) declined to 6.42% last week from 6.58%, with points remaining unchanged at...

Mortgage interest rates...

After increasing at the end of the year, mortgage interest rates decreased significantly last week. Existing homeowners looking to reduce their monthly mortgage payments...
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