Know More About Digital Refinance

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

Demand for housing remains strong as mortgage rates continue to rise, but refinancing applicants are declining rapidly.  With the average 30-year mortgage interest rate well above 5%, mortgage lenders see fewer customers wanting to refinance.  In a low-demand market, lendersContinue Reading

Due to Low Refinance Applications Mortgage Credit Availability Dips by 0.9%

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

The availability of mortgage loans has been declining for three consecutive months, largely due to a decline in refinancing loans, according to the monthly mortgage availability index (MCAI), which fell by 0.9% to 120%. May, the lowest level since JulyContinue Reading

Due to Rising Rates the Refinance Applications Drops

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

In any event, for seven days containing an occasion, last week was an awful one. The Mortgage Bankers Association (MBA) said its Market Composite Index, a proportion of home loan advance application volume, fell 7.1 percent on an occasionally changedContinue Reading

Demand for Refinances Falling Even As High Rate in Future Is Visible Clearly

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

Compared to a year ago the refi applications have dropped sharply shows a new survey. The lenders warn that mortgage borrowers do not have much time to take advantage of the low refinance rate as it is a known factContinue Reading

What Caused the Surge in Refinance Application?

By:
In: Refinance News

Warning: Undefined variable $custom_content in /home4/comcompare/public_html/mortgagenews/wp-content/plugins/code-snippets/php/snippet-ops.php(582) : eval()'d code on line 10

Last week, the first news of the omicron variant, saw a dramatic rise in the demand for mortgage refinance. When looking at the weekly average of the 30-year fixed the drop-in rate wasn’t as dramatic.  According to the Mortgage BankersContinue Reading