Congratulations to Robert B., who refinanced his mortgage in less than two weeks! Here’s what he had to say about the process:

After my recent refinance with LendingTree all I can say is: amazing.  With the mortgage industry still in transition and all the new legislation I thought it would be 60 days to get my home refinanced.  I was wrong.  I started with an inquiry on 6/8 and closed today, 6/21.  Thirteen days is unbelievable.  The only thing more amazing than the cycle time is the staff I worked with and the ease of the whole process…. your company is moving to the top of my contacts when someone asks me for a loan reference.  I think you all have earned a customer for life!

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Thinking about refinancing your mortgage? Find out if it’s the right move for you at the LendingTree website.

Average mortgage rates rose slightly after declining for several weeks, according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

On June 21, average home loan rates offered by LendingTree network lenders were 4.70% (4.92% APR) for 30-year fixed mortgages, 3.95% (4.3% APR) for 15-year fixed mortgages and 3.27% (3.42% APR) for 5/1 adjustable rate mortgages (ARM). Rates for both 30-year and 15-year mortgages rose slightly week over week.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.375 percent (4.51% APR) for a 30-year fixed mortgage, 3.5 percent (3.74% APR) for a 15-year fixed mortgage and 2.75 percent (3.12% APR) for a 5/1 ARM.

“Over the past several months, we’ve seen a surge of borrowers refinancing to shorten their loan term,” said Chad Smith, senior vice president of mortgage services at …

Average mortgage rates continued their decline this week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

On June 14, average home loan rates offered by LendingTree network lenders were 4.67% (4.81% APR) for 30-year fixed mortgages, 3.88 % (4.12% APR) for 15-year fixed mortgages and 3.31% (3.36% APR) for 5/1 adjustable rate mortgages (ARM). Rates for all loan types fell week-over-week.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.375 percent (4.51% APR) for a 30-year fixed mortgage, 3.375 percent (3.61% APR) for a 15-year fixed mortgage and 2.75 percent (3.12% APR) for a 5/1 ARM.

“Rates are continuing their free fall, spurring refinancing activity,” said Cameron Findlay, chief economist of LendingTree.com. “Home purchase activity, however, hasn’t seen the same spike – and homeownership is currently down to 1998 …