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
Lending / The Ticker

Mortgage applications decline 2.3% as refis drop off

home loans chalk
/ Print / Reprints /
| Share More
/ Text Size+

Mortgage applications fell 2.3% this past week as home purchase activity picked up and refinancing activity cooled, an industry trade group said Wednesday.

The Mortgage Bankers Association weekly mortgage applications survey shows the refinance index falling 7%, while the purchase index increased 6% from a week earlier.

Refinancing activity made up less of the total application volume, declining to 64% of total apps, down from 68% from the previous survey. Adjustable-rate mortgage activity, meanwhile, held steady, representing 7% of total application volume.

The 30-year, fixed-rate mortgage with a conforming loan limit increased to 4.46% from 4.44%, while the 30-year, FRM with a jumbo loan balance declined to 4.47% from 4.48%.

The 30-year, FHA rate also ticked down to 4.14% from 4.16%, while the 15-year FRM stayed unchanged at 3.52%.

Comments powered by Disqus