Mortgage applications soar as refinances surge on a big rate drop

Mortgage applications soar as refinances surge on a big rate drop. This Week Today: Solutions to Dwindling Mortgage Applications

Mortgage applications soar as refinances surge on a big rate drop video duration 1 Minute(s) 15 Second(s), published by new cnbcbusiness newtv on 15 06 2019 - 20:11:07.

Key Points Mortgage rates dropped to their lowest level in nearly two years, so mortgage applications surged 26.8% in just one week, according to the Mortgage Tune in with your host Chase Majerus as he talks about Spring mortgage forecast and more in this week's This Week Today
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This video informs you of the mortgage application process
What to expect and what will be asked of you
Apologies for diving straight into the video Mortgage professional Jen Fuentes breaks down the mortgage application process, step by step!. Tune in with your host Chase Majerus as he talks about possible solutions to decreasing mortgage applications and updates on mortgage fraud in this week's .

Key Points
Mortgage rates dropped to their lowest level in nearly two years, so mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association. Volume was 41% higher than the same week one year ago.Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually.
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