FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Mortgage applications drop 6.7%

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Mortgage applications continued their downward decline for the week ended April 8. The volume of applications filed fell 6.7% this past week as refinancing activity continued to decline, the Mortgage Bankers Association said Wednesday. On an unadjusted basis, the market composite index fell 6.3% when compared to the previous week. The four-week moving average for the seasonally adjusted market index fell 3.3%. The refinance index during the period fell 7.7%, while the seasonally adjusted purchase index fell 4.7% after experiencing a 6.7% jump a week earlier. Refinancing activity during the period decreased to 60.3% of total applications, down from 61.2%. Meanwhile, the average interest rate for a 30-year, fixed mortgage increased for the fourth-consecutive week to 4.98 % from 4.93% a week earlier. In addition, the average rate for a 15-year, fixed-rate mortgage increased to 4.17% from 4.14%. Write to Kerri Panchuk.

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