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Mortgage applications surge on low interest rates

. interest rates have been low for so long that the returns from their are starting to diminish. Take mortgages, for example. The recent tumble in interest rates has led to a small surge in.

· NEW YORK (Reuters) – U.S. mortgage applications jumped last week as record low interest rates spurred a surge in demand for home refinancing loans, data from an industry group showed on Wednesday. The surge. the rate was 4.25 percent with 0.60 point.

The benchmark mortgage rate remains at its lowest level since. applications skyrocketed 26.8% last week, with refinancings surging 47%, the.

 · Mortgage Applications Drop as Interest Rates Surge. Demand for refinancing was hit hardest by the acceleration in rates, with applications slumping 15.0 percent. The refinance share of total mortgage activity fell to its lowest level since July 2011 at 68 percent of applications from 71 percent the week before.

Refinance applications surge 35% on low rates. Mortgage rates suddenly turned low again, sparking a new interest for home buyers and.

Refinancings decline when interest rates rise.. Mortgage rates – which move roughly in parallel with the 10-year. The MBA reported today that its Refinance Index, which covers applications to refinance existing mortgages, fell this. Cash -out refinancing, driven by surging home prices and low rates, has.

Bank of America down in mid-day trading Midway through trading Monday, the Dow traded down 0.19. Triton International Limited (NYSE: TRTN) was down, falling around 7 percent to $33.29 after Bank of America downgraded the stock from Buy.

Mortgage Applications Hit Highest Level Since October 2016. rates, including the 15-year fixed mortgage rate, were also lower this week.

when they topped out near 5 percent and pushed mortgage applications to a four-year low. But lower rates prompted a surge in mortgage applications this week, with a 1.5 percent increase in the market.

 · Last week’s dip into low-4% mortgage rates is the big driver of this uptick in activity. According to Freddie Mac, the average rate on a 30-year fixed-rate loan as of March 28 was 4.06%.

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The 15-year fixed-rate average hit 3.28% this week, the lowest rate since. But lower rates prompted a surge in mortgage applications this.

Monday Morning Cup of Coffee: Mortgage rates to set more record lows (Reuters) – record-shattering arctic cold reached as far south as Florida on Monday with freeze warnings. Maryland. "Tuesday morning, we’re looking at temperatures with very high probability of.

But 10 years into an economic recovery, American interest rates are already low by historical standards. of Realtors -.

Gateway First Bank appoints head of community reinvestment, fair lending This is a new position at Gateway First Bank. As part of the executive team, Schultz will be responsible for administering and monitoring all aspects of Gateway’s CRA and fair lending programs..