Refinancing Increases Market Share as Rates Hit New Lows

Hot news from AZ Home Help:

Posted To: MND NewsWire

Refinancing activity increased as interest rates fell to new lows according to the Weekly Mortgage Applications Survey released this morning. The Market Composite Index, a measure of application volume, rose 2.8 percent on a seasonally adjusted basis and 3 percent unadjusted during the week ended September 21. The Refinancing Index was up 3 percent from the previous week to the highest level in six weeks and the Mortgage Bankers Association which conducts the weekly survey said that the refinancing share of mortgage applications increased to 81.2 percent. The seasonally adjusted Purchase Index increased 1 percent from the week ended September 14 and the unadjusted index was down 0.3 percent from a week earlier but was 5 percent above the level during the same week in 2011. Purchase Index vs...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: www.mortgagenewsdaily.com

- For more real estate news visit our website at http://www.AzHomeHelp.com