Refinance Share of Mortgage Apps Climbs Above 75 Percent
Refinance loan application volume increased another 6.5 percent last week, boosting its share of total activity to a whopping 76.9 percent from 74.3 percent a week earlier, the MBA said today.
The refinance share of total activity was as low as a third of application volume just a few months ago when interest rates were about two percentage points higher.
While home loan applications increased a marginal Read more
Lower Mortgage Rates Lead to a Bona Fide Refinance Boom
That’s right folks, you read that correctly. Right now, as a result of the lowest 30-year fixed-rate mortgage rates since 1971, we are officially in a refinance boom.
According to Marketwatch.com, “The benchmark 30-year fixed-rate mortgage tumbled to a national average 5.17% this week, the lowest level since Freddie Mac began its weekly rate survey in 1971.”
Good news for the economy. Good news for homeowners Read more
Texas Home Refinance Options
There are many reasons to refinance, but did you know that there are three different types of refinance mortgages. These include a Fixed-Rate Mortgage, an Adjustable-Rate Mortgage, and a Cash-Out Refinance. Texas mortgage refinance can provide you and your family with extra money and ease the tension that debt may be causing you.
Like shopping for a new home loan, it is also important to shop for a replicable refinance broker. It Read more