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Declining mortgage rates drive refis and new-home purchases Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of refinance loans and volume of new-home purchase applications, according to Ellie Mae and the MBA.
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Declining mortgage rates drive refis and new-home purchases Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of. George Smale shared
Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of refinance loans and volume of new-home purchase applications, according to Ellie Mae and the mortgage bankers association.
The results reflect what most lenders already know: even though home purchase activity has increased throughout 2017, refinancings are down since after several years of great rates. overall.
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Mortgage Refis Down, Home Purchases Up. Share.. New-purchase mortgage applications rose 1.1 percent for the same period. The average 30-year fixed-rate mortgage rose to 4.56 percent, suggesting.
Usually, refinance and purchase rates are the same but during a refinance boom the rate on refinances may become higher than the rate on purchases. mortgage refinancing, purchase versus refinance, refinancing decision, refinance, when to refinance, where to refinance, refinance calculator, break-even period, refinancing, mortgage refinance.
Bankrate’s rate table compares current home mortgage & refinance rates. Compare lender APR’s and find ARM or fixed rate mortgages & more.
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Super-low-rate variable mortgages became the preferred salve for new homebuyers and helped drive the boom in real estate. mean if you’re going to be renewing your mortgage in 2018? Or simply buying.
Declining mortgage rates drive refis and new-home purchases Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of refinance loans and volume of new-home purchase applications, according to Ellie Mae and the MBA.
Declining mortgage rates drive refis and new-home purchases. Mortgage rates descended through the onset of spring’s home buying season, pushing up the share of refinance loans and volume of new-home purchase applications, according to Ellie Mae and the MBA. Source: Mortgage.