Articles Tagged with ''MBA''

MBA: Mortgage applications retreat 5.8%

The unadjusted Purchase Index plummets 10% from previous week
Mortgage applications retreated 5.8% for the week ending Dec. 14, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. However, on an unadjusted basis, the Mortgage Composite index decreased 7% from the previous week.
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NYT: Risky mortgages are making a comeback

Warns borrowers to beware of these "complicated" loans
With the housing market slowing down and interest rates rising, mortgage lenders are feeling the pinch. To boost profits, some have turned to non-QM loans, according to a recent article in The New York Times. These loans do work for some homebuyers, the author says, but he warns that "even qualified borrowers need to be aware of the loans’ risks."
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MBA: Mortgage applications increase 1.6%

Refi activity sees a boost
Mortgage applications increased 1.6% for the week ending Dec. 7, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan said recent rate declines are responsible for the jump in refinance applications.
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MBA: Mortgage applications rise 2%

30-year fixed-rate falls for the third consecutive week
Mortgage applications climbed 2% for the week ending Nov. 30, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan said average loan size for purchase applications fell to the lowest level since December 2017.
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Natural disasters hasten housing market slow down

This year's hurricanes and wildfires dent home sales
In October, new home sales retreated once again, leading experts to cast less than optimistic forecasts about the state of the housing market. Experts indicate that not only are affordability concerns hindering growth, but a wake of natural disasters are weakening the sector.
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MBA: Mortgage applications rise 5.5%

The unadjusted Purchase Index plummets 28% from previous week
Mortgage applications rose 5.5% for the week ending November 23, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Chief Economist Mike Fratantoni said the rise in purchase activity was led by conventional purchase applications.
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Refinance applications plummet to 18-year low

Overall applications marginally fall
Refinance applications fell to an 18-year low in the last week. Yes, you read that right. They haven't been this low since the early 2000s. Overall, mortgage applications crept backwards 0.1% for the week ending November 16, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey.
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Mortgage applications can't stay afloat

Applications fall 3.2% from previous week
Mortgage applications fell 3.2% for the week ending November 9, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Director of Economic and Industry Forecasts Joel Kan said recent volatility in the financial markets and increasing rates continue to adversely impact mortgage application activity.
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MBA: Mortgage applications fall 4%

Seasonally adjusted Purchase Index reaches 2-year-low
Mortgage applications retreated 4% for the week ending November 2, 2018, according to new data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Director of Economic and Industry Forecasts Joel Kan said it’s evident that housing inventory shortages continue to impact prospective homebuyers this fall.
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