Mortgage Windfall; Lowest Rates in Years Expected to Encourage Refinancings
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What the MBA said:“Mortgage rates decreased across the board last week and mortgage-application volume reached its highest level since January of this year,” Joel Kan, vice president and deputy chief economist at the MBA, said in a statement. “Refinance applicati...
American Federal Mortgage had utterly unbeatable rates and fees for conventional mortgages even when compared to other online lenders, and certainly when compared to local lenders. I had multiple lenders both online and local that said they simply couldn't match the rate... ...
“The market is moving ahead of the Fed, bringing down longer-term rates including those for mortgages, which should lead to both more home purchases and a pickup in refinance activity,” wrote Mike Fratantoni, chief economist for the Mortgage Bankers Association, in a news release....
Mortgage Rates Cut to Lowest Level for 37 YearsRead the full-text online article and more details about "Mortgage Rates Cut to Lowest Level for 37 Years" - Western Mail (Cardiff, Wales), September 19, 2001Western Mail (Cardiff, Wales)...
The sharp decline in mortgage rates could offer some relief to house hunters, as many have been priced out of the market given the double whammy of high borrowing costs and home prices that reached arecord in June. Mortgage rates could fall even lower in the coming weeks, said NAR Chi...
Yorkshire Building Society group economist Max Shepherd said: "Current market expectations suggest several rate cuts in 2024, which would ease mortgage rates in the first half of the year." The number of first-time buyers hit a 20-year high in 2021, with more than 400,000 people entering th...