Wednesday, February 19, 2020
APPLY NOW PURCHASE REFINANCE CONSOLIDATE DEBT HOME EQUITY LOAN
 
Tired of paying your landlord's mortgage?
Take the necessary steps to purchase your own home by filling out our simple step by step application.
 

Mortgage Applications Jump 7%

Mortgage News > Mortgage Applications Jump 7%
Date: 01/29/2020    Mortgage Applications Jump 7%

As mortgage interest rates fell to 3-month low last week, applications for home loans surged 7.2%, according to the Mortgage Bankers Association. That jump was led by an 8% increase in refinance requests; refinance application volume is also up 146% from a year ago. Home purchase applications rose 5% and were up 17% from the previous year. At the same time, the average rate on a 30-year fixed-rate loan sank to 3.81% with 0.28 points, down from 3.87% the week before and the lowest rate since November.

back