Refinance applications rise as rates fall to a seven-month low
Contents Homeowners refinanced early Platinum home mortgage Amy lillard (9/19/2012) Mortgage bankers association (mba) today Despite lower mortgage rates, applications fall.. from a refinance. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) remained. Refinance rates are now low enough to encourage homeowners to apply even if they have been denied in the past. Homeowners who have already refinanced. Many homeowners refinanced early in 2014. Rates were low, hovering around 4.5%. Yet, in an unexpected twist, rates dropped even lower. Refinance application share…
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