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Lower mortgage rates and high appreciation in some areas are driving a national surge in home refinancing. Both purchase and refinance applications jumped in the past week, with mortgage applications up 26.8 percent from a week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2019.

As mortgage rates tumble to multi-year lows, there’s been a massive surge in refinances and new mortgage applications. The drop in mortgage rates is one of the key reasons why I don’t think there will be a housing downturn as vicious as the one we saw between 2008 – 2010.

After collateral constraints tighten, the equity premium and the riskiness of consumption rise and the risk-free interest rate falls. I show that, both immediately after the shock and in the long run, the equity premium and the riskiness of consumption increase more than they would if the risk-free rate were constant.

Brokerages Set Columbia Banking System Inc (COLB) Price Target at $42.60 Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a Does The Columbia Banking System, Inc. Share Price Tend To Follow The Market? FSBW or COLB: Which Is the Better Value Stock Right Now? Thursday, 28 February 2019. -0.42%.

The surge was a direct response to another drop in mortgage rates. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to.

2 Things You Need to Know to Properly Price Your Home 2 Things You Need to Know to Properly Price Your Home by Brandon Lamar | May 28, 2019 | First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers , Pricing In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%).

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MBA Mortgage Applications. After the Federal Reserve cut interest rates last week, the average rate on 30-year fixed conventional mortgages was down seven basis points to 4.01%. This helped trigger a 12% surge in refinances that overcame a 2% drop in the number of purchase applications. Applications were up 5.3% overall.

Let’s talk mortgage basics. There are two main types of mortgage refinances available to homeowners. There is the standard rate and term refinance, which allows a borrower to obtain a lower mortgage rate and/or shorten their loan term, while keeping their existing loan balance intact.. And then there is the "cash-out refinance," which allows a borrower to tap into the equity (or cash) in.

As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria. Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from Unzensuriert.at: