Tag Archives: refinancing

Mortgage rates take the biggest leap in 8 weeks as clock ticks on refinancing Despite yet another wave of COVID-19 putting stress on the economy, a long-running survey shows mortgage rates have posted their biggest rise in eight weeks. Analysts say rates jumped because of an encouraging report on hiring in the U.S. If one positive report in the midst of a major COVID flare-up is enough to push rates higher, further signs of economic stability could easily do the same. Experts warn that once the… Source link

Sharp dive for mortgage rates sets off new refinancing boom Many homeowners know a good deal when they see one. Demand for refinance mortgages is soaring, a survey by a major lenders trade association finds. Homeowners are stampeding toward mortgage rates that have been driven back toward all-time lows by worries about the Delta variant and by the elimination of a widely despised fee on refi loans. But U.S. homeowners are still leaving lots of money on the table. Online real estate marketplace… Source link