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We've already seen a jump in refinancing of some mortgages, as homeowners take advantage of lower rates, and every American should know that up to 40percentt of all mortgages are now eligible for refinancing.
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Still, the jump in refinancing activity showed that there was an appetite that could be whetted by lower rates.
The housing market received a tiny dose of positive news Tuesday with a rebound in pending home sales and Monday with a jump in mortgage refinancing activity.
JPMorgan Chase topped the Street's expectations, thanks to rising deposits, lower interest rates and a jump in mortgage refinancing.
Undoubtedly, this has been aided by a jump in the number of mortgage refinances, which jumped 20% last week, to the highest level since 2009.
Wetherspoon has a number of options in the refinancing of its £370m bank facility due December 2010.
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REFINANCING The lure of incredibly low mortgage rates has piqued interest in refinancing existing mortgages.
Centex shares were down over 5%, The Mortgage Bankers Association's weekly measure of loan applications climbed 4.7% in the latest reading, and its purchase index jumped 11.1%, compared to just a 3.2% increase in refinancing.
The merger was valued at $772 million in cash, plus a refinancing of debt.
Even its mortgage business, which reported more than a 50 percent jump in home loan applications, owed some of the lending growth to consumers refinancing existing loans — not people obtaining new ones.
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