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Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018 Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.
The average rate on the 30-year fixed for conforming loan balances was just over 5% last fall but has fallen now to just below 4% Lenders expect the surge in refinances to continue.
The average rate for 15-year, fixed-rate home loans slipped this week to 3.16% from 3.25%. The historically low levels marked by mortgage rates in this spring’s homebuying season have brought a.
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The fall in rates led to an increase in refinancing activity, partly driven by a 9% surge in VA applications. Following the fall in the week of 21 st June, mortgage rates were at the lowest level.
cnbc.com Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018 Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.
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Mortgage Rates Today Surge Higher: 30 Year Conventional Rates Back Above 4.00 Percent Mortgage rates surged today higher, marching in lockstep with 10 year bond yields which have on a tear recently. Just last week, average 30 year conforming mortgage rates fell to 3.94 percent, that was the first time in six weeks that average rates fell week.
By contrast, a year ago the rate stood at 4.55%. The average rate for 15-year, fixed-rate home loans slipped this week to 3.16% from 3.25%. The historically low levels marked by mortgage rates in this spring’s homebuying season have brought a surge in interest by prospective buyers and homeowners looking to refinance.
The 30-year fixed-rate mortgage increased to its highest point in the past three months, nearly hitting the 4% mark, according to Freddie Mac’s latest Primary Mortgage Market Survey. "The 10.
Mortgage rates surge to a 10-month high. Rates for home loans soared to the highest level since March as a long-expected bond rout rolled on.. Investors have sold the notes in recent months.
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Mortgage rates fall to 7-week low, as buyers catch a break. CNBC’s Jim Cramer: It’s a trap!. These 16 money wasters are why so many Americans can’t save for retirement;