ReFi Week ending 8/13

The Refinance Index increased 19 percent from the previous week. The seasonally adjusted purchase index decreased 2 percent from one week earlier. The unadjusted purchase index increased 4 percent compared with the previous week and was 17 percent higher than the same week one year ago. Jerry W. on February 9, 2017 8:13 pm.

Sun, Mon, Tue, Wed, Thu, Fri, Sat. 1. Rescission Period Ends 09-05, 2. Labor Day Rescission Period Ends 09-05, 3. Rescission Period Ends 09-06, 4

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Borrowers who complete a cash-out refinance with the lender that holds their existing loan have access to funds on the day of closing. People who refinance loans on their primary home with a new lender have a three-day right of rescission. The Federal Truth in Lending Act provides borrowers with a cooling-off period before the loan takes effect.

That’s given a lift to refinancing activity, though. Applications for refinancing increased 12% in the week ending Aug. 7 vs the prior week; purchase applications fell 2% in the same period, the. Q: Should I refinance my mortgage? I can drop. That’s up from 3.8% the week before, but well below the 5%-plus rates of 2011. So if you’re a.

Follow weekly mortgage rate trends and expert opinions from the Mortgage Rate Trend Index by Mortgage experts predict what will happen to rates over the next week – and why.

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The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.6% in the group’s seasonally adjusted composite index for the week.

That pushed applications to refinance a home loan down by 8%. Mortgage applications to purchase a home fell 4% for the week. It didn’t take much to end the party in the refinance market. A small tick.

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Seller can pay up to 6% of buyer closing costs; Streamline refinance options. so make sure know the credit scores you need to buy or refinance your home.

The MBA’s refinance index decreased by 4% week over week, and the percentage of all new applications that were seeking refinancing dipped from 60.0% to 57.9%. Adjustable-rate mortgage loans.