Mortgage applications soar as refinances surge on a big rate drop. MBA 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
MBA VP of Research and Economics Lynn Fisher presents the latest data and analysis from MBA's Weekly Application Survey Title: How Tax Reform Will Impact the Mortgage Industry Featuring: Jeff Spiegel, CPA, Principal, Spiegel Accountancy Corp
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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