Mortgage Application Activity and Rates Nearly Flat in Latest MBA Weekly Survey Jul 25, 2018. CONTACT:. a measure of mortgage loan application volume, decreased 0.2 percent on a seasonally adjusted basis from one week earlier.. The Refinance Index increased 1 percent from the previous week.
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Rising mortgage rates squeeze U.S. refinancing activity. The Washington-based group said its index on refinancing applications fell 2.9 percent to 1,288.0 in the week ended Jan. 26 as average interest rates on 30-year mortgages rose to their highest level since march. home refinancing is seen a source of cash which homeowners can tap into.
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FHFA’s second quarter Refinance Report also shows that more than 9,700 loans were refinanced through the Home Affordable Refinance Program, bringing the total number of HARP refinances to 3,470,804 since inception of the program in 2009.
Mortgage Volume Slows as Applications Decline. The average contracted rate on a fixed 30-year mortgage rose to 4.8% for the week from 4.77% the previous week on an 80% loan-to-value mortgage. Interest rates on an average 15-year fixed rate loan declined to 4.12% from 4.16% the prior week. Rates are expected to remain low through.
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Meanwhile, mortgage applications. volume – decreased 1.8 percent from a week earlier. The refinance index fell 6 percent from the previous week to its lowest level since 2000. The purchase index.
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Loan Application Defects Increase as Refinance Applications Decrease. part of the overall decline in risk has been due to the recent dominance of refinance activity relative to purchase.
Mortgage application activity slows significantly Jun 28 2017, 7:30AM Applications for mortgages plunged during the week ended june 23, even as interest rates remained relatively stable.