RAB Research Archive

Mortgage applications soar as refinances surge on a big rate drop



Consumers saw an opportunity last week and took it — in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 41% higher than a year ago.

Source: CNBC



View or Download: https://www.cnbc.com/2019/06/12/mortgage-applications-soar-27percent-on-big-rate-drop.html

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