Items Tagged with 'mortgage applications'

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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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  • MBA: Mortgage applications fall as mortgage rates tick up

    The Market Composite Index retreats 5.6%
    In what may be a sign of just how sensitive borrowers are to fluctuations in mortgage rates, the Mortgage Bankers Association revealed mortgage applications declined further for the week ending on April 5, 2019, following a slight uptick in mortgage rates.
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  • MBA: Mortgage applications surge thanks to plummeting interest rates

    Market Composite Index climbs a whopping 18.6%
    The recent precipitous drop in interest rates drove a sizable increase in mortgage applications for the week ending on March 29, 2019, according to the newest data from the Mortgage Bankers Association. MBA Vice President of Economic and Industry Forecasting Joel Kan said there was a tremendous surge in overall applications activity, as mortgage rates fell for the fourth week in a row – with rates for some loan types reaching their lowest levels since January 2018.
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  • Mortgage lenders, expect your closing rate to decline over the next year

    Closings have reached a record high, but Capital Economics warns a backslide is coming
    The closing rate for purchase mortgages recently hit a record high, but analysts at Capital Economics warn lenders that this trend is unlikely to continue. Why? Blame a slowing economy. This is bound to adversely impact borrowers’ credit quality, and the result will put downward pressure on closing rates, leading to minimal growth in home sales this year.
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  • MBA: Falling mortgage rates propel mortgage applications

    Purchase and refinance applications jump 6% and 12%, respectively
    Mortgage applications rose once again for the week ending on March 22 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said the spring buying season is off to a strong start.
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  • MBA: Economic worries slow growth of mortgage applications

    Market Composite Index moves upward just 1.6%
    Mortgage applications slightly inched forward for the week ending on March 15, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit drove investors' demand for U.S. Treasuries.
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  • MBA: Rising mortgage rates put a damper on application volume

    Applications for 30-year fixed rate rise 2.5%
    Mortgage applications took a tumble for the week ending Mar.1, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said slightly higher mortgages rates last week led to a decrease in application volume.
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  • MBA: More Americans are applying for mortgages as interest rates stabilize

    Applications for 30-year fixed rate rise 5.3%
    Mortgage applications rose again for the week ending Feb. 22, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Senior Vice President and Chief Economist Mike Fratantoni said homebuyers are responding favorably to a more stable interest rate environment.
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  • MBA: Mortgage applications fall further

    Refinance Index drops 9% from prior week
    Mortgage applications continued to decrease for the week ending October 12, 2018, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. According to the report, the average contract interest rate for 5/1 ARMs reached its highest level in series history once again.
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  • Freddie Mac: Mortgage rates reach 7-year high

    Escalating home prices putting downward pressure on purchase demand
    After weeks of climbing, mortgage rates have now risen to their highest level in seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said down payments are the primary hurdle for many borrowers, and that's affecting sales high-priced markets.
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