Sentences with phrase «high refinancing applications»

Given the historically low levels of interest rates and record high refinancing applications in the past four years, many of these potential upgrade buyers likely have recently refinanced and are hesitant to give up their existing low rate mortgage.

Not exact matches

Applications to refinance a home loan, which usually fall when rates rise, eked out a 1 percent gain for the week and were nearly 2 percent higher than a year ago, when interest rates were lower.

Higher rates pushed applications to refinance a home loan down 5 percent for the week.

That was the highest percentage of refinance applications since December of 2016.

For example, a cash - out refinance may be limited to a lower loan size as compared to a rate - and - term refinance; or, may require higher credit scores at the time of application.

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.

Mortgage Bankers Association (MBA), refinancing application volume increased by 21 % during the week ending on July 1, reaching its highest level since January 2015.

«Mortgage rates on 30 - year loans have increased 50 basis points since the week prior to the election, hitting their highest level since October 2014, and causing refinance application volume to dip 28 percent to a new low for the year,» said Mike Fratantoni, MBA's chief economist.

According to the Mortgage Bankers Association (MBA), refinancing application volume increased by 21 % during the week ending on July 1, reaching its highest level since January 2015.

The refinance share of mortgage activity increased to 57 percent of total applications, the highest level since February, while the adjustable - rate mortgage share of activity increased to 7.6 percent.

Refinance applications rose to 18.2 percent, also seasonally adjusted, and the highest rate for refinance applications sinceRefinance applications rose to 18.2 percent, also seasonally adjusted, and the highest rate for refinance applications sincerefinance applications since mid-May.

VA purchase applications consistently see higher rates of approval than refinance applications: three out of four purchase loans make it to closing, while almost half of all VA refinances are denied.

Overall, according to the report, refinance applications are 63 percent higher compared to one year ago.

Today, an applicant must have great credit and high income to qualify for ideal terms in a student loan refinancing application.

Mr. Nothaft may be right about refinance deals accounting for two - thirds of all mortgage applications over the period he specifies, but the Mortgage Bankers Association's latest figures, published July 7, show that the current spike is much higher.

The higher and more stable your income, the better your chances could be for getting a refinance application approved.

Education Refinance Loans are subject to credit qualification, completion of a loan application / consumer credit agreement, verification of application information, certification of borrower's student loan amount (s) and highest degree earned.

In other words, the chances that you get better deals on home refinancing are quite low; you get higher interest rates, or worse, your application gets denied.

Private student loans that can be refinanced with this option are private student loans and private consolidation loans that the student application used for, or to refinance loans used for, postsecondary qualified higher education expenses (as defined in section 221 (d)(2) of the Internal Revenue Code) not currently in a past due status.

If you have low - to - middling credit scores, a high loan - to - value ratio, and / or other monkey wrenches like a manufactured home or condo, HARP may be better than traditional financing — there is a 2 % cap on fees, while normal refinances can have much higher surcharges depending on the strength of your application.

High interest rates continue to decrease the demand for refinancing loans, leading to a decrease in mortgage applications.

For example, a cash - out refinance may be limited to a lower loan size as compared to a rate - and - term refinance; or, may require higher credit scores at the time of application.

Following the drop in rates after the Brexit vote in June, refinancing applications rose to the highest level since January 2015.

Meanwhile, applications for refinancings ticked up 1 percent last week and are 24 percent higher than a year ago.

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.

But last week refinancing volume rose 4 percent higher to nearly 46 percent of total applications, according to the MBA.

Despite this most recent release, applications for refinancing have moved broadly higher since the beginning of 2011 whereas the mortgage applications for purchase index has trended flat since 2010.

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 activitrefinance volume remains high, with survey participants reporting that the expanded Home Affordable Refinance Program (HARP) contributed to roughly 10 percent of their refinance activitRefinance Program (HARP) contributed to roughly 10 percent of their refinance activitrefinance activity.»

Refinance applications have more than doubled over the past year, though they're not as high as in previous refinancing booms because it's harder to qualify in the current atmosphere of tighter credit standards, according to the Mortgage Bankers Association.

Refinance applications have been falling significantly over the last few weeks as interest rates have edged higher.