mortgage application: Refinancing Boom Amid Falling Mortgage Rates - 03/26/08 12:37 PM
Refinancing Boom Amid Falling Mortgage Rates
Mortgage applications nearly doubled last week after the Federal Reserve slashed interest rates by 0.75 percent last week.
Refinance mortgage applications increased by 82 percent last week as mortgage rates begun to decline for the first time since February 2008. Home purchase applications also increased last week by 10.6 percent which helped bring the overall mortgage application increase to 48.1 percent.
Over the past two weeks the fixed cost of borrowing dropped 0.63 percentage points, which is the largest drop in over four years. In response homeowners raced to refinance by applying for more mortgages … (0 comments)
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mortgage application: Online Mortgage Applications, What Happens After You Hit Submit? - 07/24/07 12:21 AM
Shopping for a new mortgage online can turn into tons of phone calls and emails from mortgage brokers all over the country. It all starts by you filling out a form stating that up to 4 or 5 of the top mortgage professionals will be in contact with you to offer you a low rate mortgage. I am going to share with you how this system has been manipulated and how you can keep your phone from ringing off the hook for weeks on end with mortgage brokers.
In concept, getting a mortgage quote from 4 or 5 different mortgage companies is … (0 comments)
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