Mortgage applications jump 21.7% on refinancing activity

U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about trade tensions.

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(Reuters) – U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest.

Applications to refinance home loans rose 47 per cent for the week to June 7, according to an index from the Mortgage Bankers Association, reaching levels last seen in November 2016, shortly.

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both purchase and refinance applications surged, driven mainly by these lower rates. The refinance index jumped 47% to its highest level since 2016.” The refinance share of mortgage activity rose to.

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Commercial Real Estate Loan Refinancing: What It Means and Why Investors Do It  · Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home – or refinance. "It’s amazing how many times a.

NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for. borrowing costs revived interest to refinance among homeowners. MBA’s seasonally adjusted gauge on.

The refinance share of applications was down to 37.9%, its lowest since November 2018. The adjustable-rate mortgage (ARM) share of activity increased to 6.4% of total applications.

"Mortgage application volume rebounded strongly in the week following the Memorial Day holiday, indicating that the holiday had a larger impact on business activity than originally assumed. Comparing volume over the past two weeks, purchase activity is up over 6%, while refinance activity is down 5%.

U.S. home refinancing activity hits 11-week high: MBA. U.S. mortgage applications to refinance a home increased to their highest level in 11 weeks as home borrowing costs declined to their.

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MBA’s Weekly Mortgage Applications Survey shows mortgage application volumes jumped 11.6 percent for the week ending October 17. The surge in the headline index stemmed from a substantial jump in.

Mortgage applications jump:. its seasonally adjusted index of mortgage application activity increased 7.3 percent to 706.4 in the week ended Jan. 28, after decreasing 3.6 percent in the MBA’s.

U.S. home mortgage applications. following a jump in mortgage rates after last week’s announcement from the Federal Reserve that it would taper its bond market purchases starting in January..

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