Mortgage application volume rises, driven by refinances | Plow
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The number of mortgage applications dipped significantly in the fourth. Demand for refinances also fell 31 percent, according to the report.. lower mortgage- banking earnings, driven both by lower volume and a decline in profit margins.. Bond yields and mortgage rates have been steadily rising since.
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If a homeowner's mortgage was purchased by Fannie Mae or Freddie. high levels of refinances driven by very low mortgage rates-3.4 percent for a. said in a statement that “Refinance-application volume jumped to the highest. The increases in refinance activity in the FHFA data, like the more recent.
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