Refinance applications fall to eight-year low

By Ben Lane | HousingWire

The share of mortgage applications for refinances just fell to a level not seen since October 2008, new data from the Mortgage Bankers Association showed.

According to the MBA’s latest Weekly Mortgage Applications Survey, which covers the week ending March 24, 2017, the refinance share of mortgage activity declined to 44% percent of total applications, the lowest that figure has been in more than eight years.

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