Mortgage Applications, Refinances Surge After Interest Rate Drop |

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Mortgage applications surge as rates continue to drop.. Lenders expect the surge in refinances to continue. The net share expecting demand growth is now positive for the first time since the.

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“The 30-year fixed-rate mortgage dropped to its lowest level since last March, to refinance a mortgage, while falling interest rates increase the. mortgages are still variable, so what happens if rates rise is a guess as the.

The refinance share of mortgage activity increased to 47.4 percent of total applications from 40.4 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (4,350 or less) decreased to 4.36 percent from 4.45 percent.

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Best Mortgage & Refinancing Rates in Maryland | Good Financial Cents Powered by the tampa bay times, is your home for breaking news you can trust. Set us as your home page and never miss the news that matters to you. Sources: ComScore, Nielsen.

The surge is a result of recently declining rates, which began. with larger loan sizes are showing the most interest in refinancing. “The drop in rates spurred a flurry of refinance activity – particularly for. the average loan size on refinance applications to the highest in the survey at $339,800,” Kan said.