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CNBC

Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year

CNBC
Summary
Nutrition label

77% Informative

Applications to refinance a home loan surged 35% last week , according to the Mortgage Bankers Association's index.

The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week .

Applications for a mortgage to purchase a home rose just 3% for the week and were still 8% lower than the same week one year ago .

VR Score

88

Informative language

93

Neutral language

74

Article tone

semi-formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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