Mortgage Rates Drop To 2-Year Low, Refinancing Hits 'Fastest Pace' Since 2022: Rocket, LendingTree Among Movers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: Benzinga
Mortgage Rate Decline: The average interest rate for a 30-year fixed mortgage has fallen to 6.15%, the lowest since September 2022, as markets expect a potential Federal Reserve rate cut.
Increase in Refinancing Activity: Refinance applications surged by 24%, making up 51.2% of total mortgage applications, indicating a significant uptick in refinancing activity compared to last year.
Analyst Views on DFNL
Wall Street analysts forecast DFNL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DFNL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.210
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Current: 48.210
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
