Refinance applications rise as rates fall to a seven-month low

So you want to refinance, but mortgage rates are rising. Don’t worry – you haven’t missed the boat on your refi opportunity. Mortgage rates are still historically low, and they aren’t expected to exceed 5% in 2017, according to many economists and mortgage analysts. Here are eight tips to help you successfully refinance your mortgage as rates rise.

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So you want to refinance, but mortgage rates are rising. Don’t worry – you haven’t missed the boat on your refi opportunity. Mortgage rates are still historically low, and they aren’t expected to exceed 5% in 2017, according to many economists and mortgage analysts. Here are eight tips to help you successfully refinance your mortgage as rates rise.

FHFA launches resources for lenders serving Spanish-speaking borrowers The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and fannie mae (fnma/otc) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers.

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New mortgage lending remained soft in April, but a rise in the value of loans approved. home loan applications in the week following the poll. JP Morgan senior economist Ben Jarman said the figures.

30-year fixed rates rose by 4 basis points, following on from a 2 basis point rise from. increase in applications over the last 12-months. In spite of the recent uptick in mortgage rates, Freddie.

Mortgage Loan Rates Fall to 2-Year Low, Mortgage Applications Rise Only Slightly. partly driven by a 9 percent jump in VA applications. The 30-year fixed rate has now dropped in three of the.

The number of mortgage applications. while refinancing was up 3 percent. An unemployment rate projected to hold above 9 percent through next year and expectations that prices may fall further.

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Refinance applications rise as rates fall to a seven-month low – Mortgage applications decreased 0.5 percent from one week earlier as interest rates rose.. Mortgage Applications Fall as Rates Rise to Highest Level in Month (iStock). The refinance share of mortgage activity decreased to 50.8 percent of total applications from 52.1 percent the previous.

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The BiggerPockets Hard Money Lender is here to help you grow your business by providing a consistent stream of leads with direct contact to your borrowers from across the country.Read MoreRefinance applications rise as rates fall to a seven-month low Current mortgage rates for May 24, 2019 are still near their historic lows.. With this loan.