Items Tagged with 'mortgage applications'

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  • MBA: Mortgage applications continue to fall as borrowers become less sensitive to lower rates

    The Market Composite Index slides 2.4% from last week
    Mortgage applications declined 2.4% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 5, 2018. The MBA pointed out that last week included an adjustment for the Fourth of July holiday. On an unadjusted basis, the index decreased a whopping 22% from last week.
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  • MBA: Sliding mortgage rates not enough to boost growth in application volume

    The Market Composite Index slides 0.1% from last week
    Last week, mortgage rates fell to a three-year low, but not even this decline was enough to spur growth in purchase activity volume, according to the Mortgage Bankers Association. Despite this decline, MBA Vice President of Economic and Industry Forecasting Joel Kan said the nation's strong job market and improving affordability still have a chance to support growth.
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  • MBA: Mortgage applications rise thanks to falling mortgage rates

    The Market Composite Index rose 1.3% last week
    Declining mortgage rates once again spurred an increase in mortgage applications, according to the Mortgage Bankers Association. On an unadjusted basis, the Market Composite Index rose 1.3% for the week ending June 21, 2019, according to MBA's weekly Mortgage Applications Survey.
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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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  • April's dip in home sales may portend "significant gain" in May, economist says

    March's signed contracts were supposed to have turned to sales by now
    Housing economists were left scratching their heads this week over a NAR report showing U.S. existing home sales fell in April. In the prior month, pending home sales climbed to an eight-month high and were up by nearly 4% from the prior month. You sign a contract and a month or two later you buy the home. That’s the way it’s supposed to work. So what gives?
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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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