Banks see uptick in mortgages, but remain wary ahead of potential Fed interest rate cutLow unemployment, increased wages, and the Fed’s low interest rates that have satisfied consumers who are
Mortgage applications surge on refinances as rates hit 21-month low:
Dated: 06/13/2019
Views: 19
Mortgage applications surge on refinances as rates hit 21-month low:
Yan Zhang, USA Today Published 12:12 p.m. ET June 12, 2019 | Updated 11:58 p.m. ET June 12, 2019
Americans are scrambling to refinance mortgages as borrowing costs tumble.
With mortgage rates falling to the lowest level since September 2017, total mortgage applications surged 26.8% last week, led by an increase in refinancing, the Mortgage Bankers Association (MBA) said Wednesday.
Applications to refinance mortgages jumped a whopping 47% from the prior week to the highest level since 2016.
Mortgage applications to buy a home also perked up, increasing 10% after several weeks of lackluster showings as house shoppers finally responded to falling rates.
The average contract interest rate for 30-year fixed-rate mortgages with loan balances of $484,350 or less dipped to 4.12% from 4.23%.
“Mortgage rates for all loan types fell by a sizeable margin for the second straight week, pulled down by trade tensions with China and Mexico, the financial markets reacting to more bearish communication from several Fed officials, and weaker than expected hiring in May,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.Said Kan.
“Demand is still relatively strong, but there is likely some restraint from prospective buyers, driven by some economic uncertainty.” Kan added.
Housing supply is still limited for entry-level homes, curtailing home sales
George Coloney
Considered by his peers as an astute businessman, a top-flight salesman and a fierce competitor, George Coloney makes it crystal clear that his clients are getting the best representation available in....
Latest Blog Posts
Buyers and investors pay so much attention to where a property is located, what features it offers, and how much it costs, but every real estate sale ultimately hinges on the buyer’s access to
Mortgage applications surge on refinances as rates hit 21-month low:Yan Zhang, USA Today Published 12:12 p.m. ET June 12, 2019 | Updated 11:58 p.m. ET June 12, 2019Americans are scrambling to
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to indentify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Ft. Lauderdale are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
Listing information is provided exclusively for consumers' personal,
© 2020 Palm Beach Board of Realtors MLS (PBBORMLS) Information deemed reliable, but not guaranteed
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The IDX data relating to real estate for sale on this web site comes in part from the Martin County Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
All information regarding a property for sale, rental or financing, school information and public tax records is from sources deemed reliable; PROVIDED, HOWEVER, that representations and warranties are not made about the accuracy thereof, and such information is subject to errors, omissions, updates, modifications, changes of price, rent rates, commissions, prior sales, leases or financing, changes in school boundaries, or withdrawal without notice. All information displayed on this Website should
This data is up-to-date as of August 15, 2020 12:40 PM. Some properties that appear for sale on this website may subsequently have sold and may no longer be available. For the most current information, contact Ft. Lauderdale.
The information provided is for consumers' personal, non-commercial use and may not be used for any other purpose. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., Florida
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to identify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or all
Information is deemed to be reliable, but is not guaranteed. © 2020 MLS and FBS. Prepared by Florida Keys MLS, Inc. on August 15, 2020 12:00 PM. The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
Information is deemed to be reliable, but is not guaranteed. © 2020 MLS. Last Updated August 15, 2020 12:40 PM. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Listing data provided by the Daytona Beach Area Association of REALTORS® Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.
New Smyrna Beach Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
