Mortgage. to low rates as many borrowers have either recently refinanced or are likely waiting for rates to fall even further. Other mortgage rates in our survey were unchanged or slightly higher.
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Mortgage interest rates bounced up and down in their usual. a mortgage loan originator at Schaffer Mortgage in Palm Beach Gardens, Florida. The spiked punch bowl may have been removed from this.
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Refinances through the government’s Home Affordable Refinance Program (HARP) remained strong as mortgage rates stayed near record-low levels, according to the. In Nevada, Arizona, and Florida, the.
The lower rates have touched off a borrowing blitz. Mortgage applications surged 18.6% last week, the Mortgage Bankers Association says, and refinance applications skyrocketed 39% to the highest level.
Weakening mortgage demand caused by rising mortgage rates has slowed refinance loan originations to its lowest. New York ($62,108); and Naples, Florida ($60,000), all had median down payments over.
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