REFINANCES OUTNUMBERING PURCHASE LOANS

REFINANCES OUTNUMBERING PURCHASE LOANS

In July, according to the Mortgage Bankers Association, more people submitted applications to refinance their existing home loans than those who applied for loans to buy homes. While applications to refinance increased, they were still 39 percent less than the … Continue reading

RATES SPUR REFINANCES AS BUYING SEASON BEGINS

RATES SPUR REFINANCES AS BUYING SEASON BEGINS

In early June, rates for 30-year fixed home loans were at their lowest in seven months, according to Freddie Mac. Rates had been on the decline for five weeks straight before hitting this year’s lowest yet. The window of opportunity … Continue reading