Drop in mortgage rates spurs refis, but not home sales

With rates on 15-year mortgages hitting a record low, requests to refinance accounted for two-thirds of mortgage applications. Mortgage applications surged last week, driven by renewed interest in refinancing as rates on 15-year fixed-rate mortgages fell to a record low. But homebuyers were relatively unmoved by lower rates, with demand for purchase loans falling for … Read more

Dip in rates boosts demand for mortgages

Last week’s dip in mortgage rates boosted applications for purchase loans and revived interest in refinancing, according to a weekly survey of lenders by the Mortgage Bankers Association. Last week’s dip in mortgage rates boosted applications for purchase loans and revived interest in refinancing, according to a weekly survey of lenders by the Mortgage Bankers … Read more

Demand for mortgages rebounds after 3 weeks of declines: MBA

Demand for mortgages bounced back last week after three weeks of declines, with applications for both purchase loans and refinancing climbing as mortgage rates retreated to the lowest levels since early May. The Mortgage Bankers Association’s Weekly Mortgage Applications Survey showed demand for purchase loans growing by a seasonally-adjusted 2 percent week over week, while … Read more

Homeowners are losing their enthusiasm for refinancing

Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back down after surging in February in March. Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back … Read more

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