Mortgage Refinance Demand Pops
✉️ Want to forward this article? Click here.
Demand among homeowners looking to refinance their mortgage unexpectedly jumped last week.
The Mortgage Banker's Association reported Wednesday that refinance demand rose 10% last week, as mortgage applications to purchase a home fell 5%.
CNBC posited that those looking to refinance didn't want to wait much longer for rates to drop:
Refinance demand usually drops when rates rise, but rates had fallen back slightly in the previous weeks, so some homeowners may have been waiting for them to go even lower. When rates rose last week, they may have been concerned rates would then move even higher, and therefore jumped in to get what savings they could.
See other articles related to: mortage refinance, refinancing
This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_refinance_demand_pops/22177.
Most Popular... This Week • Last 30 Days • Ever
As the year draws to a close, homeowners have the opportunity to maximize their tax b... read »
Some interesting residential plans are on the boards for the church at 16th Street an... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
For sellers in Woodley Park, Chevy Chase and Spring Valley, it was a good time to sel... read »
- What Homeowners Should Do Before The End of the Year
- A Nine-Story Condo Building Floated For 16th Street Church Property
- Plans Filed For 230-Unit Development At Brookland Metro Station
- EBay's First President Buys McLean Homes For $17 Million
- The 3 Zip Codes Where DC Home Sellers Average More Than $500,000 In Profits
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro