Items Tagged with 'Mortgage Application'

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MBA: Mortgage applications rise three-weeks straight

Market gears up for spring home-buying season
After seesawing at the start of this year, mortgage applications managed to increase three-weeks straight as the market gears up for the spring home-buying season. On the other side, mortgage interest rates for most products jumped close to two-year highs. Here’s what interest rates look like heading into peak home-buying season.
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MBA: Mortgage applications reverse course, drop

Refinance applications further disappear
Coming in after an increase in the previous week’s report, which included a holiday, mortgage applications reversed course and declined. Most notably, the refinance share of mortgage activity finally fell below 50% of all applications.
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MBA: 30-year mortgage rate falls two weeks straight

Includes adjustment for New Year’s Day holiday
Coming out of the holidays and into the start of the year, the 30-year mortgage rate continued to decline after several weeks of record highs. The decline is a change from the record high set right before the end of 2017 when the 30-year fixed-rate mortgage increased to its highest level since May 2014.
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Mortgage applications sink over the holidays

To no surprise
Mortgage applications took a dive over the last two weeks as consumers focused on the holidays more than buying a home. Since last week marked the only week of the year that the Mortgage Bankers Association does not put out a mortgage application report, this week’s report covers a two-week period.
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MBA: Mortgage applications continue downward trend

Interest rates move even higher
At this point, it seems like mortgage interest rates are posting new records each week, with the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances reaching a new high, again. As a result, mortgage applications continue to disappear.
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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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