6 secrets to dealing with regulations for mortgage servicers

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high

NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
W S
Lending

Mortgage apps reverse course, climb 9.4%

Refi index jumps a full 10%

application
/ Print / Reprints /
| Share More
/ Text Size+

Mortgage applications reversed a three-week decline to climb 9.4% from one week earlier, according to the Mortgage Bankers Association’s survey for the week ending February 28, 2014.

Last week mortgage apps hit a two-decade low.

The refinance index increased 10% from the previous week. Despite the increase observed this week, the refinance index is still 3% lower than it was two weeks ago.

The refinance share of mortgage activity decreased to 57.7% of total applications from 58% the previous week and is at its lowest level since early September of 2013.

The seasonally adjusted purchase index increased 9% from one week earlier.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.47% from 4.53%, with points decreasing to 0.28 from 0.31 (including the origination fee) for 80% loan-to-value ratio (LTV) loans.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) decreased to 4.37% from 4.47%.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.13% from 4.17%.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.52% from 3.56%.

Recent Articles by Trey Garrison

Comments powered by Disqus