Mortgage Applications Jump Nearly 10%

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 · Mortgage interest rates fell to the lowest level in four months, but that did nothing to spark activity in the mortgage market. total mortgage application volume dropped 9.8 percent at the end of last week from two weeks earlier, according to the Mortgage.

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Mortgage applications plummet nearly 10% to end 2018, despite lower rates. Diana Olick. CNBC. January 3, 2019. Reblog. Share. Tweet. Share. The numbers are surprising, given that homebuyers and homeowners looking to refinance could have taken advantage of lower interest rates.

WASHINGTON, D.C. (April 13, 2016) – Mortgage applications increased 10 percent from one week earlier, according to data from the mortgage bankers association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2016. The Market Composite Index, a measure of mortgage loan application volume, increased 10 percent on a seasonally adjusted basis from one week earlier.

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The Federal Housing Administration share of mortgage apps slid from last week’s 10.4% to 10.1%, and the Veterans Affairs’ share of applications fell slightly to 10.1% from 10.4% last week.

Applications for mortgages backed by the Veterans Affairs represented 10.3% of all applications, up from 9.7%, while applications for mortgages backed by the U.S. Department of Agriculture remained unchanged at 0.7%.

Mortgage interest rates fell to the lowest level in four months, but that did nothing to spark activity in the mortgage market. Total mortgage application volume dropped 9.8 percent at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index.

MBA: Mortgage applications fall nearly 10% Posted on January 3, 2019 by admin Mortgage applications retreated 9.8% for the week ending Dec. 28, 2018, according to new data from the Mortgage Bankers Association’s weekly Mortgage Applications Survey.

. rate mortgage share of activity held steady at 7.6% of total applications. The Federal Housing Administration share of mortgage apps rose slightly from last week’s 9.7% to 10%, and the Veterans.

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The adjustable-rate mortgage (ARM) share of activity increased to 5 percent of total applications. The FHA share of total applications decreased to 10.8 percent from 11.3 percent the week prior. The VA share of total applications decreased to 11.9 percent from 12.2 percent the week prior.

Oct 31: Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth – and that number is growing.. Mortgage applications jump 17% on lower rates.

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