Mortgage refinance boom takes hold, as weekly demand surges 20%

by anastasiakaufman-chime-me

Published Wed, Sep 25 20247:00 AM EDTUpdated 4 hours ago

By: Diana Olick

Mortgage refinance boom takes hold, as weekly demand surges 20%watch nowVIDEO02:52Mortgage refinance boom takes hold, as weekly demand surges 20%

A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings.

Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year ago.LEARN MORE…

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