Items Tagged with 'refinance applications'

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MBA: 30-year mortgage rate now at highest level since start of 2016

Refinance volume disappearing
The impact of the election is even more apparent in this week’s mortgage application report. The previous report quickly brought an end to weeks of lackluster mortgage application reports, and this week’s report only further cements that. In light of this, the 30-year mortgage rate now sits at its highest weekly average since the beginning of 2016.
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There’s less than 1 year left for more than 200,000 HARP eligible borrowers

Rates only project to increase
The deadline, while it has constantly moved, is quickly approaching for struggling borrowers to take advantage of the government’s Home Affordable Refinance Program. The Federal Housing Finance Agency is working extra hard to make sure it reaches every eligible borrower before the Sept. 30, 2017 deadline. This is the latest update on the program’s performance.
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Mortgage applications post another humdrum week

Nearly identical to last repot
The Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey looks extremely similar to the previous week’s report. Unfortunately, like last week, the change is very minor, continuing weeks of humdrum reports. This does, however, mark its lowest level since May 2016.
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MBA: Mortgage applications barely move

Mortgage interest rates starting to rise
To no surprise, mortgage applications are barely moving, posting a marginal decline from the week prior. What is notable, however, is the increase in mortgage interest rates. Nearly all of the mortgage product interest rates reached a new high in this latest survey.
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MBA: Mortgage applications post another quiet week

Includes adjustment for Columbus Day holiday
Mortgage applications continue to post lackluster results, with this week’s report from the Mortgage Bankers Association no different. As far as mortgage rates go, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances increased to its highest level since June 2016.
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MBA: Mortgage applications reverse course, decrease

Most interest rates rise to highest level since September 2016
The latest decline in mortgage applications is a change from the meager shifts reported over the past two weeks. However, the drop is still in the single digits. The main driver behind the drop: declines in refinance applications.
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MBA: Mortgage applications record slight increase

30-year, fixed-rate mortgage falls to lowest level since July
While it may be small, mortgage applications ticked up 2.9% from one week earlier. Most notably in the latest Mortgage Bankers Association’s report, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances dropped to the lowest level since July 2016.
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MBA: It’s another quiet week for mortgage applications

Mortgage rates fall across the board
Mortgage applications reported a very quiet week, echoing other industry reports. As for what did change, all mortgage interest rates on mortgage products declined. Here’s what the latest news from the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey found.
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