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Mortgage refinance booms are a thing of the past: MBA chief economist

[More homes sold in the D.C. area last month than any November in the past seven years] One prediction. years,” said Mike Fratantoni, MBA’s chief economist. MBA expects rates on the 30-year fixed.

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Should I refinance my mortgage? That pushed up prices of Treasury notes and suppressed their yields, which often pull along mortgage rates. But it remains to be seen whether the uptick in refinancing will turn into an extended boom.

Refinance application share hits eight-year low: MBA Rebecca Lynn Movement buys Platinum Mortgage’s Alabama retail operation Helen Thomas and her team at Platinum Home Mortgage have performed exceptionally well for our new home clients. We had worked with the big banks, but Platinum’s combination of service, local staff and direct lending far outshines other options we have used. We refer all our clients to them!In a week that saw mortgage interest rates hit. application volume, dropped 1.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index fell 2% compared with the.

Refinancing applications are a significant portion of all mortgage applications, according to the Mortgage Bankers Association (MBA). In part, this may be because relatively low mortgage interest.

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Mortgage refinance booms are a thing of the past: MBA chief economist Excerpt: The era of plentiful refinance volume is over for the foreseeable future, the result of mortgage rates remaining in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

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Frank Nothaft, chief economist at mortgage giant Freddie Mac. much agree the worst for the Texas and U.S. housing markets is past. But no one is talking about another homebuying boom..

National Mortgage News: Mortgage refinance booms are a thing of the past May 22, 2019 By Two Rivers Title Era of plentiful refinance volume is over according to Mortgage Bankers Association Chief Economist..

Production costs rise to highest level ever: MBA; Purchase share grows, closing times shrink ahead of spring market; Freddie Mac rolling out servicing transfer technology for cash sales; Among consumers managing debt, buying a home is a low priority; Mortgage refinance booms are a thing of the past: mba chief economist; categories. fha Loan.

As quickly as refinance activity increased in recent weeks, it backed down again in response to the rise in rates. However, this spring’s lower borrowing costs, coupled with the strong job market, continue to push purchase application volume much higher."–MBA Chief Economist Mike Fratantoni.

Source: CoreLogic Negative Equity (March 9, 2017 Release), Louisiana, Maine, Mississippi, South Dakota, Vermont, and Wyoming have insufficient equity data to report, Hawaii average equity gain is from Q3.

Refinancing applications are a significant portion of all mortgage applications, according to the Mortgage Bankers Association (MBA). In part, this may be because relatively low mortgage interest.

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