Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year

from www.cnbc.com 5 months ago

The refinance index also saw its strongest week since May 2022, driven by gains in conventional, FHA, and VA applications," said Joel Kan, an MBA economist in a release.
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Today's homebuyers are dealing with a lot more than high interest rates. They are still up against high home prices and low supply.
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There is also a feeling among some buyers, according to agents, that mortgage rates may fall even lower, so they are waiting before making such a large purchase.
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Mortgage rates started this week essentially flat, but that could change with the release of the government's monthly inflation report, the Consumer Price Index (CPI).
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Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a yearMortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year Briefly

Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year
Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year
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