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 Sprott CEO Sees Potential for 66% Price Jump READ MORE UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation READ MORE Currency Heat Map Provides Insight into Forex Market Dynamics READ MORE U.S. Strategizes Financial Blockade on Chinese Banks Over Russia Support READ MORE Gold Holds Ground Below Peak, Awaiting Fed Policy Cues READ MORE Add a Comment Cancel replyYour email address will not be published.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