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 grow on refinancing activity

/ Print / Reprints /
| Share More
/ Text Size+
Mortgage applications rose 4% this past week as home refinancing activity grew and interest rates dropped. For the week ending April 29, the MBA's market composite index – a measure of mortgage loan application volume – grew 4% on a seasonally adjusted basis, while the refinance index increased 6%. The four-week moving average for the seasonally adjusted market index and the purchase index fell 0.9% and 2.4%, respectively, while the refinance index remained unchanged from the previous week. Meanwhile, the average 30-year, fixed-rate mortgage fell for the third consecutive week to 4.76% from 4.80% a week earlier, and the 15-year FRM decreased to 3.96% from 4.03%. Refinancing activity during the period rose to 62.7% of total applications, compared to 61.6% a week earlier. Write to Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus