Items Tagged with 'apps'

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  • MBA: Uptick in mortgage rates slows purchase application growth

    But refinances remain at the highest level since last year
    A recent uptick in mortgage rates resulted in a slight decline of purchase applications, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said although borrowers were sensitive to rising rates, the refinance share of applications still remained at its highest level since January 2018.
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  • MBA: Declining mortgage rates push refinances to a 3-year high

    The Market Composite Index rises a whopping 26.8%
    Despite growing economic tension, mortgage applications continued to climb, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said purchase and refinance applications surged, driven mainly by lower mortgage rates.
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  • MBA: Economic uncertainty slows purchase application growth

    Market Composite Index grows 1.5% from the previous week
    Although mortgage applications increased slightly last week, mounting economic tension continues to worry buyers, according to the Mortgage Bankers Association. In fact, MBA Senior Vice President and Chief Economist Mike Fratantoni said potential homebuyers may be more cautious given the heightened economic uncertainty.
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  • MBA: Global economic tension pushes mortgage applications even lower

    Market Composite Index falls 3.3% from the previous week
    Global economic headwinds continued to drive mortgage applications lower for the week ending May 24, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said even with lower rates on three of the five surveyed loan types, refinance activity fell 6%, essentially reversing an 8% increase the week before.
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  • MBA: Mortgage applications rise again, but how long will this growth last?

    Expert says economic uncertainty could be hindering growth
    Although mortgage applications slightly rose for the week ending May 17, 2019, ongoing trade concerns could be hindering growth, according to the MBA. MBA Vice President of Economic and Industry Forecasting Joel Kan said some potential homebuyers may be delaying their home search until there’s more economic certainty.
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  • MBA: Mortgage applications slide 0.6% from last week

    Refinance applications fall for the fifth time in six weeks
    Although rising on an annual bias, mortgage applications fell slightly for the week ending May 10, 2019, according to the Mortgage Bankers Association.Vice President of Economic and Industry Forecasting Joel Kan said it’s worth watching if the ongoing global trade disputes cause potential homebuyers to postpone their home searches.
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  • MBA: Mortgage applications rise after several weeks of declining

    Market Composite Index rises 2.7%
    After declining for several consecutive weeks, mortgage applications reversed course for the week ending May 3, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said with purchase activity increasing and mortgage rate movements mostly unchanged, refi applications were at their lowest level since last November.
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  • MBA: Mortgage applications decline further as refinances slide

    Market Composite Index falls 4.3%
    Although purchase activity remains solid, a drop in refinances contributed to mortgage applications declining further for the week ending May 1, 2019, according to the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said the drop in refinances can be attributed to fewer FHA and VA loan applications, which typically lag the movement of conventional loans.
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  • MBA: Geopolitical headwinds dampen mortgage application growth

    The Market Composite Index drops 7.3% from the previous week
    As geopolitical turmoil mounts, mortgage applications retreated further for the week ending April 24, 2019, according to the newest data from the Mortgage Bankers Association. According to MBA's weekly Mortgage Applications Survey, on an unadjusted basis, the Market Composite Index dropped 7.3% from the previous week.
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  • MBA: American home purchase activity reaches 9-year high

    However, mortgage applications continue to decline as refinances slide
    Primarily driven by a decline in refinances, the Mortgage Bankers Association revealed mortgage applications fell further for the week ending April 12, 2019. MBA Vice President of Economic and Industry Forecasting Joel Kan said with mortgage rates up for the second week in a row that it's no surprise that refis slid 8% and average loan sizes dropped back closer to normal levels.
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