Mortgage Refinance Demand Surges As Rates Drop To Two-Year Lows
✉️ Want to forward this article? Click here.
As interest rates fall, mortgage refinancing is surging.
Applications to refinance a home loan increased 20% last week compared with the previous week, the Mortgage Bankers Association reported on Wednesday. The surge comes as interest rates fell closer to 6%.
“The 30-year fixed rate decreased for the eighth straight week to 6.13%," the MBA's Joel Kan said in a release. “As a result of lower rates, week-over-week gains for both conventional and government refinance applications increased sharply.”
See other articles related to: mortgage demand
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/mortgage_refinance_demand_surges_as_rates_drop_to_two-year_lows/22751.
Most Popular... This Week • Last 30 Days • Ever
This article will delve into how online home valuation calculators work and what algo... read »
On his first day in office, President Trump signed a number of Executive Orders aimed... read »
Monument Realty has filed plans for a new development on Eye Street that will deliver... read »
MRP Realty and Florida Rock will take their plans for a pair of large residential bui... read »
Elon Musk could be taking over The Line hotel; the new Oval Office; and the $1,000 tr... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro