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 The Dollar's Reign to End Eventually, but Not Anytime Soon, Says Krugman READ MORE NYCB Shares Close Lower as Recent Gains Disappear READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE UK Inflation Dips to Multi-Year Low READ MORE Japan's Central Bank Eases Rate Hike Concerns After Market Turmoil READ MORE Add a Comment Cancel replyYour email address will not be published.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