Shown in the figure above,
although refinancing applications fell significantly in response to higher rates in late 2016, and have declined over the September 2017 to January 2018 mortgage rate increase period, the decline in February was smaller compared to the extent of the rate increase in the same month and mostly offset the modest increase in January.
Shown in the figure above,
although refinancing applications fell significantly in response to higher rates in late 2016, and have declined over the September 2017 to January 2018 mortgage rate increase period, the decline in February was smaller compared to the extent of the rate increase in the same month and mostly offset the modest increase in January.
Not exact matches
Although more purchase loans were insured by the FHA, the sheer number of
refinance applications showed the public's desire for record low mortgage rates.
Fratantoni continued, «
Although total
application volume dropped on an adjusted basis relative to last week,
refinance volume remains high, with survey participants reporting that the expanded Home Affordable Refinance Program (HARP) contributed to roughly 10 percent of their refinance activit
refinance volume remains high, with survey participants reporting that the expanded Home Affordable
Refinance Program (HARP) contributed to roughly 10 percent of their refinance activit
Refinance Program (HARP) contributed to roughly 10 percent of their
refinance activit
refinance activity.»
Although not exactly a census of all mortgage
applications, most lending activity for the purpose of buying or
refinancing a home is included in the HMDA records.