The popular 30-year fixed mortgage rate fell back to the lowest level since February last week, and the 15-year fixed set a record low according to CNBC. That sent borrowers to their lenders, looking to save money on their monthly payments.
Applications to refinance a home loan jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. They were still 10% lower than a year ago.
from Movement Mortgage Blog https://ift.tt/2Vlrzds
via Naza Finance Blog
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