Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Mortgage Refis Explode Higher As Rates Hit Record Lows

Courtesy of ZeroHedge View original post here.

Mortgage applications in the US exploded by 55.4% last week as rates collapsed to record lows amid global growth fears and monetary policy response expectations.

Source: Bloomberg

The massive spike in applications was dominated by refinancings, which jumped a stunning 78.6% WoW, new home mortgage apps rose 5.6% WoW.

Source: Bloomberg

The sensitivity to the drop in mortgage rates to record lows is astounding as the following chart shows…

Source: Bloomberg

Outside of the post-9/11 refinancing boom and the chaos of November 2008, this is the biggest spike in refinancings ever.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!