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Mortgage refinance applications surge as rates drop to 6-month low

Mortgage rates dropped to their lowest level since the beginning of July, according to new figures released by Mortgage Bankers Association on Wednesday. The average 30-year fixed rate mortgage fell to 7.07 per cent last week after reaching 8 percent near the end of October. “Mortgage rates dropped…

 According to new information released by the Mortgage Bankers Association ( MBA ) on Wednesday, applications for refinance home loans increased by 19 % last week as mortgage rates reached their lowest point since July. After approaching 8 % in late October, the average 30 year fixed mortgage rate decreased to 7.07 percent last week. Mortgage rates decreased. According to new information released by the Mortgage Bankers Association ( MBA ) on Wednesday, applications to refinance home loans increased by 19 % last week as mortgage rates reached their lowest point since July. After approaching 8 % in late October, the average 30 year fixed mortgage rate decreased to 7.07 percent last week. Mortgage rates have decreased. 

Mortgage rates dropped to their lowest level since the beginning of July, according to new figures released by Mortgage Bankers Association on Wednesday. The average 30-year fixed rate mortgage fell to 7.07 per cent last week after reaching 8 percent near the end of October. “Mortgage rates dropped…

 https://thehill.com/business/4358433-mortgage-refinancing-applications-surge-as-rates-fall/ 

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