Tag Archive | “prepaid interest”

Rise in Mortgage Applications as Rates Fall: MBA

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On Wednesday it has been said by  the Mortgage Bankers Association that large swings in mortgage rates over the past month have shown their result in the form of  “seesaw-like activity” in the volume of refinancing applications that has been filed by homeowners, while there has been a gradual increase in the applications to purchase homes.

Mortgage-Application

According to the MBA’s weekly survey, for the week ended Aug. 14, applications to refinance existing home loans have rose to 6.9%, which is a reversal from the 7.2% drop that has been seen the week before.

There has been a rise in applications to finance the purchase of homes for the third week in a row, which is increasing a seasonally adjusted 3.9% from the week that has ended on Aug. 7.

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