Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Refinancing Surges In Week

WASHINGTON, Aug. 10 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity increased dramatically in the week ending last Friday as interest rates fell.

Interest rates for 30-year, fixed-rate mortgages dropped from 4.45 percent to 4.37 percent with points increasing from 0.78 to 1.07. Rates for 15-year, fixed-rate contracts were unchanged at 3.52 percent with points decreasing from 1.02 to 0.96, the association said.

“Amid substantial market turmoil last week, mortgage rates dropped to their lowest levels of the year and refinancing application jumped more than 30 percent to their highest levels of the year,” said Mike Fratantoni, MBA’s vice president of research and economics.

The banking group said its weekly mortgage activity index rose 21.7 percent, while the refinancing index rose 30.4 percent.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Refinancing Surges In Week”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.