Items Tagged with 'Mortgage Application'

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MBA: Mortgages applications reverse trend, drop

30-year, FRM falls four weeks straight
After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.
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Proof the housing market can survive a Fed interest rate hike

The reason behind the drop in mortgage apps
Although mortgage applications significantly tumbled this week, the Federal Reserve’s recent interest rate hike is not to blame. The market was ready and prepared for that shock. Instead, this Capital Economics report gives a new explanation, with a positive outlook for housing this year.
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MBA: Mortgage applications plummet 27%

Results include adjustment for the holidays
Looking at the closing data for 2015, the Mortgage Bankers Association’s Weekly Mortgage Applications Survey reported that mortgage applications ended the year significantly lower, falling 27%.
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MBA: Mortgage applications remain stagnant

But 4.1% interest rate likely to change
Mortgage applications once again posted little change, rising 1.1% for the week ended Dec. 11. Similarly, mortgage rates barely moved, with the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) staying frozen at 4.1%.
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MBA: Mortgage applications drop 3.2%

Purchase application loan size reaches new high
After the jump in mortgage applications last week, the Mortgage Bankers Association’s latest survey found that applications changed direction and dropped 3.2%.
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Appraisal volume slows down into the holidays

Good sign for the industry
Appraisal volume once again moved slightly lower for the second week of November, according to the latest data from a la mode. With November historically the start of the holiday slowing and interest rates rising over the past week, the relatively slight decline is a good sign for the industry.
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