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Lower long term interest rates in the U.S. have seen refinancing take off, Mortgage applications jumped to their highest level since September 2016. Refinancing activity the highest since November 2016 accounted for 49.8% of mortgage applications

 Lennar

U.S. Mortgage Bankers Association Week Ending 7 June 2019

  • Mortgage applications +26.8% vs +1.5% prior
  • Purchase index 278.4 vs 253.1 prior
  • Market index 529.8 vs 417.8 prior
  • Refinancing index 1,956.5 vs 1,335.6 prior
  • 30-year mortgage rate 4.12% vs 4.23% prior

 

From The TradersCommunity News Desk

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