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

Weekly Mortgage Applications Soar on Record Low Rates: MBA

/ Print / Reprints /
| Share More
/ Text Size+
The volume of mortgage applications submitted in the week ending June 25 rose a seasonally adjusted 8.8% from a week earlier, according to the Mortgage Bankers Association (MBA). Applications for refinance mortgages soared 12.6% this week after taking a 7.3% plunge the previous week. The jump in refinance interest brings the refinance share of total mortgage applications to 76.8%, from 73.8% last week. "Refinance applications jumped in response [to record-low interest rates], but remain at about half the level seen in the spring of 2009," said MBA vice president of research and economics Michael Fratantoni, in a statement. "Purchase applications declined for the seventh time in the last eight weeks, keeping the purchase index near 13-year lows." The volume of applications submitted for purchase mortgages fell a seasonally adjusted 3.3% this week. The adjustable-rate mortgage (ARM) share of applications fell to 4.7%, from  4.9% a week earlier. Write to Diana Golobay.

Recent Articles by Diana Golobay

Comments powered by Disqus