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Mortgage refinances surge 8%, as interest rates fall Mortgage refinances surge 8%, as rates fall to the lowest. – Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018. May 22, 2019 admin economy 0. hits: 0. homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Falling Mortgage Rates Generate Surge of Potential Refinance Candidates – Appraisal Buzz Faster refinancing, too. According to the report, they’re also refinancing faster. Refinances took just 40 days to close last month – the fastest rate since February. One year ago, refis took 48 days, on average, to close. The average FICO score on homeowners refinancing rose one point last month, hitting 650 for FHA loans, 732 for conventional loans and 702 for VA loans.
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