Mortgage applications fell 7.3% last week, according to the Mortgage Bankers Association (MBA). Applications to buy a home slipped 4% from the previous week based on seasonally adjusted figures but.
. Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. The MBA’s.
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The MBA’s seasonally adjusted index of refinancing applications slumped 7.7 percent, while the gauge of loan requests for home purchases dropped 4.7 percent. Fixed 30-year mortgage rates averaged 4.98.
Global stocks rose, and US equity futures extended their longest winning streak since November, rising for a 4th day as the US and China concluded three days of trade talks on what Bloomberg reported was an "optimistic note".
Mortgage applications slow as rates rise. Mortgage applications fell in mid-October to their lowest level since August. At the same time, Zillow’s Mortgage Marketplace reported a slight increase in the rate for a 30-year fixed mortgage – up 2 basis points from 3.26 percent to 3.28 percent. MBA sees fed policy supporting slow rise in rates
decelerations by the Mortgage Bankers Association’s mortgage application indices from the first- to the second-quarter of 2018. For example, the year-over-year increase by the MBA’s index of mortgage applications from prospective home buyers slowed from Q1-2018’s 5.9% to Q2-2018’s 2.6%, while the
Mortgage applications fell by 3.5% from one week earlier on a seasonally. percent and average loan sizes dropped back closer to normal levels,” says Joel Kan, MBA’s associate vice president of.
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MBA Vice President of Economic and Industry forecasting joel kan said purchase applications decreased for the second straight week and have been somewhat volatile lately, but remain 6% higher than a.
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The benchmark 30-year fixed-rate mortgage. for rates to fall even further,” said Joel Kan, MBA’s associate vice president.
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(Read more: Top 10 mortgage tips for 2014) Wednesday’s survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA. -By Reuters.