Refinancing Boom Fuels Record-Breaking Mortgage Application Surge Mortgage applications have reached a two-year high, with a significant surge in refinancing activity. In the week ending September 20, overall applications rose 11% week-over-week, while refinancing applications jumped 20%. This increase is attributed to falling mortgage rates, with the average 30-year fixed rate dropping to 6.09%. The trend marks a revival in the mortgage market after a slow summer homebuying season, with refinancing applications now 175% higher than a year ago. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Soars Past $2,200 as Fed Signals Rate Cuts READ MORE Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Rising Costs Push Nearly 9% of Credit Card Balances into Delinquency READ MORE Gold Prices to Stay Strong Through 2024, Some Say $3,000 is a Stretch READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment