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GDP Growth Called “Transitory” While Low Inflation Appears Permanent · There has been little evidence of the rapid growth required to return the economy to the path of potential GDP as estimated by the CBO in 2007. While that may still happen, there has not been the V-shaped recovery to date anticipated by many. The shock that hit the economy appears to have had very persistent, if not permanent, effects.
Mortgage applications soar as refinances surge on a big rate drop Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%.
Interest rates are down, so is it time to refinance? Uhuru launches mortgage company for cheap homes Kenya on Course to Deliver 500,000 Homes by 2022 – Uhuru. To help boost financing for prospective home buyers, the government and private investors started a mortgage refinance company last week with the aim of more than doubling home loans in the next three years. Kenyatta vowed to also.
Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%. It is nothing short of a refinancing boom, with applications now up 63% in the four weeks as rates have fallen 28 basis points over that time.
Refinances, which are most rate-sensitive, led the surge, jumping a remarkable 47% week to week and 97% annually. That pushed the refinance share of total mortgage application volume to 49.8% from 42.2%. It is nothing short of a refinancing boom, with applications now up 63% in the four weeks as rates have fallen 28 basis points over that time.
· Mortgage applications soar as refinances surge on big rate drop – Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted.
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Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 41% higher than a year ago.
So there should be no surprise Mortgage applications soar as refinances surge on a big rate. Consumers saw an opportunity last week and took it – in a big way. Mortgage rates dropped to their lowest level in nearly two years, so total mortgage applications surged 26.8% in just one week, according to the mortgage bankers association’ s seasonally adjusted index.
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Mortgage applications soar as refinances surge on a big. Mortgage rates dropped to their lowest level in nearly two years, so mortgage applications surged 26.8% in just one week, according to the Mortgage Bankers Association. Volume was 41% higher than the same week one year ago.