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Tag: refinance

Mortgage refinance demand plunged 15% last week, but could now reverse

Daniel Acker | Bloomberg | Getty ImagesMortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but late in the week everything changed with the news of the Covid omicron variant.Last week the average rate on...

Cosigner Student Loan Refinance | White Coat Investor

By Dr. James M. Dahle, WCI Founder Plenty of doctors and other high-income professionals refinance their student loans several times between graduation and when they finally pay them off. Refinancing lowers your interest rate and allows you to put more of your discretionary income...

Mortgage refinance demand continues its free fall, as interest rates rise again

Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for...

Borrowers rush to refinance, as mortgage rates drop for a second week

A property for sale in Monterey Park, CaliforniaFrederic J. Brown | AFP | Getty ImagesMortgage rates fell for the second straight week last week, and that helped boost refinance demand for the first time in a while. As a result, total mortgage application...