Refinance applications rise as rates fall to a seven-month low

So you want to refinance, but mortgage rates are rising. Don’t worry – you haven’t missed the boat on your refi opportunity. Mortgage rates are still historically low, and they aren’t expected to exceed 5% in 2017, according to many economists and mortgage analysts. Here are eight tips to help you successfully refinance your mortgage as rates rise.

 · According to newly released data from ATTOM Data Solutions, refinance originations fell to a four-year low during the second quarter, thanks to increases in interest rates.

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Total mortgage application. fee) for loans with a 20% down payment. “Concerns over European economic growth and ongoing uncertainty about a trade war with China were some of the main factors that.

Refinance applications decreased from 45.6 percent last week to 44.9 percent this week. Adjustable rate mortgage applicationstotaled 7.2 percent. Of the total applications, the 10.2 percent were FHA loans, slightly down from the 10.3 percent a week earlier.

The BiggerPockets Hard Money Lender is here to help you grow your business by providing a consistent stream of leads with direct contact to your borrowers from across the country.Read MoreRefinance applications rise as rates fall to a seven-month low Current mortgage rates for May 24, 2019 are still near their historic lows.. With this loan.

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The loans in Freddie Mac’s survey come with an average 0.5 point. Meanwhile, this month’s falling rates have been accompanied by an increase in mortgage applications. “A combination of low mortgage.

RISE is not the lender or a fiduciary of the lender. Application approvals and the amount of any credit for which you may be approved are subject to minimum income requirements and vary by state. This is an expensive form of credit.

Rising interest rates dragged refinancing applications down 9 percent during the week ended August 17 according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

So you want to refinance, but mortgage rates are rising. Don’t worry – you haven’t missed the boat on your refi opportunity. Mortgage rates are still historically low, and they aren’t expected to exceed 5% in 2017, according to many economists and mortgage analysts. Here are eight tips to help you successfully refinance your mortgage as rates rise.

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