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Mortgage refinances surge 8%, as interest rates fall Refinance. contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) decreased to 4.21 percent from 4.35 percent. “There was a tremendous surge in.
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Mortgage application volume rises, driven by refinances "Mortgage rates dropped again for most loan types, which led to an increase in refinance activity, partly driven by a 9% jump in VA applications." The drop spurred more refinance activity, with those applications rising 3% for the week and a striking 92% annually.
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