Mortgage prepayments jumped 58% in July from a year ago as cheap rates drove refinancings, according to Black Knight. The.
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Mortgage rates have done it again: They’ve fallen to another level that we haven’t seen since November of 2016. The spring.
Bloomberg’s Clair Boston says mortgage brokers are losing sleep trying to process all the demand for homeowners trying to refinance into lower mortgage rates. Bloomberg Radio’s Denise Pellegrini.
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WASHINGTON – U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan.
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Load Error The Mortgage Bankers Association, a trade group, said its gauge of applications for refinancing home loans rose 0.4% last week from the week before, reaching its highest level since July.
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The numbers: Sales of previously-owned homes edged up 2.5% in July, as mortgage rates offset the affordability crunch caused.
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