Mortgage applications experienced a notable surge, rising by 3.9% on a seasonally adjusted basis for the week in review. The increase was primarily driven by borrowers seizing the opportunity to refinance their current home loans amid a decline in interest rates.
Key points:
– Mortgage applications saw a significant uptick, indicating heightened activity in the housing market
– The rise in applications was largely attributed to borrowers capitalizing on lower interest rates to refinance their mortgages
You can read this full article at: https://www.housingwire.com/articles/refi-business-picks-up-as-mortgage-rates-fall/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
