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Mortgage Applications Soar As Refinances Surge On A big rate drop Mortgage applications soar as refinances surge on a big rate drop. CNBC – Diana Olick. Consumers saw an opportunity last week and took it – in a big way. mortgage rates dropped to their lowest level in nearly two years, so total mortgage.. The 30-year fixed-rate average dropped to 3.6 percent, its lowest level.
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Home Loan Calculator – How to calculate Home Loan EMI, Interest, Prepayment and Refinance What you stand to gain If banks cut their base rate by 25 basis points following a 25 basis points cut in the repo rate by the RBI then that will result into a marginal dip in your home loan EMI..
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