Record low rates spur mortgage application filings

What Is The Fha Interest Rate – Visit our site and see if you can lower your monthly mortgage payments, you can save money by refinancing you mortgage loan. One of the most popular reasons why people choose to refinance mortgage home loans is because there has been a decline in borrowing in the housing finance market rates.

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Lower Rates Spur Refi Applications.. during the week ended January 15 as fixed rate mortgage interest rates fell to the lowest levels since mid-autumn. The Mortgage Bankers Association (MBA.

At the same time, the average interest rate on a 30-year fixed-rate mortgage fell to 4.76%, down from 4.79% the week before. Meanwhile, refinance mortgage applications fell 4% from the prior week. Refinance requests made up just 34.8% of total applications, falling to the lowest share in 10 years.

How to Record a Mortgage. To record a mortgage, you must have the original mortgage document completed, signed and notarized. The document should have a legal description of the property. The mortgage costs $45.00, plus $5.00 per page, to record. Documents submitted for recording MUST be accompanied by a self-addressed stamped envelope ("SASE").

Canada’s ratio of household debt to disposable income approached a record high. strength as the lowest mortgage rates in decades spur demand. Forecasts for housing starts were raised yesterday to.

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MGIC: Primary new mortgage insurance continues to drop Mortgage Guaranty Insurance Corporation "MGIC" (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other.

Low rates spur remortgaging spike. but with overall mortgage activity down it still accounted for two-fifths (37 per cent) of total lending in February – the largest amount since March 2011.

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Compare mortgage rates from the nation’s biggest banks to your neighborhood firm and get the rate that works best for you.

What makes this opportunity historical is the record low VA home mortgage rates. About 75% of mortgage applications last week were for refinancings, according to the Mortgage Bankers Association. The low rates are projected to draw even more buyers into a housing market that has already heated up considerably.

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