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Mortgage Loan and Refinance Application Increased According to MBA

Mortgage Loan and Refinance Application Increased According to MBA

Mortgage Bankers Association (MBA) implemented and conducted a “Weekly Mortgage Application Survey” and the results shows that people that are applying for a mortgage loan has increased 7.6% (seasonally adjusted) from the previous week. The unadjusted calculation was nearly 20% increase seen in the amount of home loan application processed from the previous week. In [...]

U.S 15-Year Mortgage Rates Drops to 4%

U.S 15-Year Mortgage Rates Drops to 4%

Wells Fargo & Co. refinance mortgage rates have been very attractive to borrowers for almost 2 years as 30 year home loans hit 5% or even lower. Home loans for July 16 are very almost land at 4% when it comes to 15 year fixed rates. The historical mortgage rates chart indicates that this percentage [...]

Low Mortgage Rates Attracts American Homebuyers Back into the Market Last Week

Low Mortgage Rates Attracts American Homebuyers Back into the Market Last Week

According to the Mortgage Bankers Association (MBA) the mortgage applications rate rose by 7% last week over the prior week’s application rate as American homebuyers moved back into the housing market because of the record low mortgage rates. Mortgage refinance applications also increased since last week, up 9% over the prior week, which instantly resulted [...]