Follow us:
  1. Home
  2. News
  3. Finance News
  4. Housing Trends

Housing Trends

Low mortgage rates spur 20 percent spike in refinance applications

Nothing lasts forever, and one analyst says this might be nothing more than a normal correction

With mortgage interest rates hitting a 30-year low -- falling to 2.86 percent -- many consumers are looking to secure a lower rate for themselves by refinancing. This has led to a 20 percent spike in refinancing applications in January.

According to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS), low interest rates have also leveraged the number of applications to purchase a home, up 10 percent from a year ago. 

Many consumers are hoping that the ...

Not sure how to choose?

Get expert buying tips about Housing Trends delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Recent Articles

    Sort by: