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Home refinance applications increase again - Bills.com News
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Home refinance applications increase again
Wednesday, Aug 26, 2009
Mortgage refinance applications were up by 12.7 percent compared to the previous week. As a whole, refinance applications accounted for more of overall mortgage activity, up to 56.5 percent compared to 53.3 percent the week before.
Overall mortgage activity also saw a climb. Home mortgage applications were up by 7.5 percent on a seasonally-adjustedbasis compared to the previous week. On an unadjusted basis, home mortgage applications are up by 6.8 percent.
Along with mortgage activity, interest rates saw an increase according to the survey. The average rate on a 30-year, fixed mortgage rose to 5.24 percent from 5.15 percent. For 15-year, fixed mortgages, the average rate climbed from 4.52 percent to 4.58 percent.
The average interest rate for a one-year,
adjustable mortgage rose to 6.74 percent, compared to 6.66 percent the week before.
The news about mortgage rates comes after the MBA has reported that delinquencies on home mortgages have seen an increase during the second quarter. Mortgage delinquencies made up for 9.24 percent of outstanding loans.
Resources that save you money
• You might reduce your monthly payments by refinancing your
The news about mortgage rates comes after the MBA has reported that delinquencies on home mortgages have seen an increase during the second quarter. Mortgage delinquencies made up for 9.24 percent of outstanding loans.
Resources that save you money
• You might reduce your monthly payments by refinancing your
mortgage. Get no-cost, online mortgage refinance quotes from up to four prequalified lenders.
• Buying a home? Get no-cost quotes online for competitive, fixed-rate mortages from up to four providers.
• Reduce your debt up to 50%. Get matched with pre-qualified debt consolidation experts.
• Get a free credit report. Find a professional to correct your credit report. Apply for a new credit card. Visit the Bills.com Credit Card Center .
Also, make sure to get a free financial health check-up with Bills IQ!
• Buying a home? Get no-cost quotes online for competitive, fixed-rate mortages from up to four providers.
• Reduce your debt up to 50%. Get matched with pre-qualified debt consolidation experts.
• Get a free credit report. Find a professional to correct your credit report. Apply for a new credit card. Visit the Bills.com Credit Card Center .
Also, make sure to get a free financial health check-up with Bills IQ!
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