Natasha Thomas(born September 27, 1986 in Copenhagen)
is a Danish pop singer-songwriter
Low interest rates trigger rise in loan refinance applications.
Mortgage interest rates fell to a three-month low last week, causing a surge in loan applications to refinance a mortgage or buy a house, according to a weekly survey conducted by the Mortgage Bankers Association (MBA).
The average interest rate on 30-year fixed-rate mortgages dropped to just 5.0 percent during the week that ended Sept. 4, the MBA reported. The average interest rate on 15-year mortgages dropped to just 4.45 percent during the same week. A year ago, the average interest rate on 30-year fixed-rate mortgages was 6.0 percent, a full percentage point higher.
These very low interest rates prompted borrowers to submit a large number of loan applications. The volume of applications increased dramatically compared with previous weeks and was the highest since the last week of May, according to the MBA survey. Applications increased for both loan refinances and home purchases.
