Lower Rates Trigger Jump in Mortgage Applications

Mortgage Applications Jump 5.3 Percent as Rates Stay Low ; The Refinance Index increased 5 percent from the previous week. The seasonally adjusted Purchase Index increased 6 percent from one week earlier. The unadjusted purchase index decreased 1 percent compared with the previous week and was 3 percent higher than the same week one year ago.

Mortgage Applications Jump On Continued Lower Interest Rates. – The Mortgage Bankers Association says applications are four-tenths of a percent higher than a year ago. Applications for loans to buy homes were up six-percent for the week and applications to refinance existing mortgages were up five-percent. The national average for a 30-year fixed-rate mortgage fell one basis point, to four-point-65 percent.

Sam Khater, Freddie Mac’s chief economist, says, "Mortgage rates fell to the lowest level in nine months, and in response, mortgage applications jumped more than 20 percent. Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that should lead to a firming of home sales."

Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News

Mortgage News > real estate listings and Lower rates spur mortgage application jump: Date: 07/11/2018 More homebuyers applied for mortgage loans in the latest week, aided by lower interest rates and a slower decline in real estate listings.

Money: Personal finance news, advice & information – The. –  · Latest news, expert advice and information on money. Pensions, property and more.

Mortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers Association says. msn back to msn home money.

Mortgage rates today, January 17, plus lock recommendations Current Home Mortgage Rates Comparison On May 27, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 4.00.With today’s mortgage rates, you can still refinance for lower payments. Here’s how Even though it’s technically still a refinance, it should prove to be a lot easier to qualify, and it shouldn’t be as painstaking of a process. Look Into a Recast Instead. There’s also the lesser-known loan recast, which like a refinance, can lower the monthly payments on your mortgage.

These are mortgage applications by potential homebuyers to buy a home, rather than mortgage applications by homeowners to refinance an existing mortgage. Purchase-mortgage applications started rising on a year-over-year basis in January, as would be expected, given the lower mortgage rates.

#NAME? 4 alternatives to a cash-out refinance A common use of the Cash-Out Refinance is to pay off higher-interest debt like credit cards. Other uses include home improvement projects, or other financing needs like college or medical bills. home equity alternatives. Our home equity loan or Home Equity Line of Credit are alternatives to a cash-out refinance that might work for you.Hurricane season 2019 is here. Brace yourself for up to 4 major storms in the Atlantic He looked me dead in the eye’:.

 · Great article Rhonda! You explain the steps in the mortgage process in a realistic, easy to read and very well written manner. This is great, this should be read by everyone who is starting the mortgage process.

Will 2017 be a good year for the housing market? However, as time moves us further from the housing crisis, the market is heating up again. It’s good news for buyers as well as sellers, as long as it’s stable growth rather than another rapid rise. smartasset analyzed historical price data and ranked the best housing markets for growth and stability for 2017.

That was the primary driver behind a 2.6 percent drop in total mortgage application. After the latest jump, however, it is clear that the market is solidly in a rising rate mode, and lenders are.

How to sell your home fast How We Do It. Lucas Properties LLC is the buying power behind Distressed-Property-Solutions.com. For the past 11 years we have been offering alternatives to foreclosure by buying houses fast for cash.